Gabon

Staff Report for the 2014 Article IV Consultation

• Author(s): International Monetary Fund. African Dept.,
• Publisher: International Monetary Fund
• Pages: 72
• ISBN_10: 1498322255
  ISBN_13: 9781498322256
  
• Language: en
• Categories: Business & Economics / Public Finance , Business & Economics / Economics / Macroeconomics , Business & Economics / Exports & Imports ,

Description:... This 2014 Article IV Consultation highlights that Gabon’s growth performance has recently been strong, but fiscal pressures have increased significantly. Real GDP growth has averaged about 6 percent in the last four years on the back of substantial scaling-up of capital spending as the authorities implement their strategy Plan Stratégique Gabon Emergent to promote economic diversification and growth inclusiveness. The medium-term growth outlook has weakened as a result of the sharp decline in oil prices, but is expected to remain relatively strong. Growth is expected to be driven by a number of projects under way in agro-industry, mining, and wood processing.