Gabon: 2024 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Gabon

May 31, 2024

Preview Citation

Format: Chicago

Gabon: 2024 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Gabon, (USA: International Monetary Fund, 2024) accessed September 27, 2024

Also available in: français

Summary

In August 2023, Gabon underwent a major political transition after a coup d’état had overthrown a decades-long regime. Despite multiple reform attempts, years of poorly managed oil wealth, weak inclusion, and stagnant incomes fragilized the political and socio-economic environment in the runup to the coup. The transition authorities now face a historic opportunity to pivot towards a more transparent and inclusive model of governance, but overcoming decades of entrenched institutional practice will require sustained reform efforts to achieve a point of no return. Meanwhile, the Fund-supported EFF program veered off-track soon after the completion of the first two reviews in 2022 and will expire soon.

Subject: Fiscal policy, Fiscal stance, International organization, Monetary policy, Oil prices, Prices, Public debt

Keywords: Africa, AFRITAC mission, Decades-long regime, Fiscal stance, Global, Oil prices, Regime in place, Transition authorities, Transition regime

Publication Details

Pages:

80
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2024/144
Stock No:

1GABEA2024001
ISBN:

9798400277801
ISSN:

1934-7685

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