Gabon: Request for Purchase Under the Rapid Financing Instrument-Press Release; Staff Report; and Statement by the Executive Director for Gabon
Electronic Access:
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Summary:
Since the approval of the first RFI request on April 9, 2020 (IMF Country Report No 20/109), weaker external demand and a more pronounced impact of containment measures have further deteriorated growth prospects and worsened external and fiscal positions. The authorities are requesting a purchase under the Rapid Financing Instrument (RFI) of 50 percent of quota (SDR 108 million) to be used as budget support to help address urgent balance of payment (BoP) needs and mitigate the risk of disorderly fiscal or BoP adjustment. This additional request will bring the total purchases under the RFI to 100 percent of quota in 2020.
Series:
Country Report No. 2020/267
Subject:
Arrears COVID-19 External debt Health Oil prices Prices Public debt Revenue administration
Frequency:
regular
English
Publication Date:
August 13, 2020
ISBN/ISSN:
9781513554518/1934-7685
Stock No:
1GABEA2020003
Pages:
44
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