Gabon: 2003 Article IV Consultation and Staff-Monitored Program-Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Gabon
International Monetary Fund, Feb 5, 2004 - Business & Economics - 111 pages
The continued decline in oil production and the absence of sustained adjustment policies have contributed to Gabon's uneven economic performance over the past three years. To strengthen further the track record before discussing a possible IMF-supported program, a staff-monitored program has been established for the period September–December 2003. The authorities emphasized their determination to confront the challenges facing the country by pursuing policies aimed at diversifying the economy, sustaining growth, and reducing poverty while containing financial imbalances.
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IMF Concludes 2003 Article IV Consultation with Gabon
Staff Report for Article IV Consultation and StaffMonitored Program
Statement by Damian Ondo Maņe Executive Director for GabonNovember 10 2003
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adopted African Development Bank Air Gabon Article IV consultation audit authorities balance of payments banking system basis BEAC billion budget budgetary CEMAC central bank CFA franc CFAF civil service debt service debt sustainability debt-to-GDP ratio decline in oil Directors diversification domestic arrears efforts end-December 2003 end-June exchange rate exports external debt ﬁll financial audits financing gap fiscal adjustment forestry sector Gabon Telecom Gabonese government’s I-PRSP implementation improve increase infrastructure International Monetary Fund Libreville measures medium-term program MEFP microfinance institutions Monetary monitored non-oil GDP non-oil primary deficit non-oil revenue non-oil sector oil production oil revenue operations Paris Club percent in 2003 percent of GDP percentage points points of GDP poverty reduction private sector development projected public debt public enterprises reduce rescheduling safeguards assessment staff-monitored program statistics strengthen structural benchmark structural reforms Table treasury U.S. dollar wage bill World Bank