Gabon First Review of the Extended Arrangement under the Extended Fund Facility, Requests for a Waiver for Nonobservance of Performance Criterion, and Modifications of Performance Criteria, and Financing Assurances Review-Press Release; Staff Report; and Statement by the Executive Director for Gabon

Economic activity remains subdued. Budget execution has taken place in difficult conditions given recent shortfalls in non-oil revenues and delays in domestic and external financing. Growth is expected to rebound in 2018 due to better prospects in the oil sector, investment in new growth pillars (ag...

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Bibliographic Details
Corporate Author: International Monetary Fund African Dept
Format: eBook
Published: Washington, D.C. International Monetary Fund 2017
Series:IMF Staff Country Reports
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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653 |a Government and the Monetary System 
653 |a Payment Systems 
653 |a Revenue administration 
653 |a Public debt 
653 |a Finance 
653 |a Public finance & taxation 
653 |a Regimes 
653 |a Monetary economics 
653 |a Government debt management 
653 |a Debt Management 
653 |a Debts, Public 
653 |a Debt 
653 |a Exports and Imports 
653 |a Arrears 
653 |a International Lending and Debt Problems 
653 |a International economics 
653 |a Debts, External 
653 |a Money 
653 |a Sovereign Debt 
653 |a Standards 
653 |a Business Taxes and Subsidies 
653 |a Taxation, Subsidies, and Revenue: General 
653 |a Banks and Banking 
653 |a Monetary Systems 
653 |a Banking 
653 |a Taxation 
653 |a Public Finance 
653 |a Oil, gas and mining taxes 
653 |a Money and Monetary Policy 
653 |a Revenue 
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520 |a Economic activity remains subdued. Budget execution has taken place in difficult conditions given recent shortfalls in non-oil revenues and delays in domestic and external financing. Growth is expected to rebound in 2018 due to better prospects in the oil sector, investment in new growth pillars (agribusiness) and a gradual improvement in confidence as the government reduces its domestic arrears. The fiscal and external current account balances are improving thanks to strong export growth and a decline in public spending. Program implementation has been broadly satisfactory, with most end-June performance criteria and structural benchmarks met, but substantial risks remain. New external arrears were accumulated