Download or read book Gabon request for a stand by arrangement written by Adrienne Cheasty and published by . This book was released on 2007 with total page 67 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Gabon written by International Monetary Fund and published by International Monetary Fund. This book was released on 2007-05-17 with total page 78 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines Gabon’s request for a Stand-By Arrangement in support of its economic program. The arrangement provides access at 50 percent of quota. Given its strong balance of payments position, it intends to treat the arrangement as precautionary. Gabon is ineligible for support under the Policy Support Instrument, which is limited to Poverty Reduction and Growth Facility-eligible countries. The critical objectives of the government’s program are to prepare the economy for the post-oil era and to make decisive progress in poverty reduction.

Download or read book Gabon Request for Stand By Arrangement Staff Supplement Press Release on the Executive Board Discussion and Statement by the Executive Director for Gabon written by International Monetary Fund and published by INTERNATIONAL MONETARY FUND. This book was released on 2004-06-22 with total page 119 pages. Available in PDF, EPUB and Kindle. Book excerpt: The staff report for the Request for Stand-By Arrangement on Gabon highlights economic developments and policies. A higher-than-anticipated rise in oil GDP more than offset lower-than-expected growth of non-oil GDP. Overall fiscal performance was strong, as the non-oil primary deficit was reduced by 8.6 percentage points to 8.2 percent of non-oil GDP in 2003. The authorities have strengthened their medium-term program to address the weaknesses in public finances that came to the fore under the staff-monitored program (SMP) and to tackle the impediments to private sector development while improving social indicators.

Download or read book Gabon written by Fondo Monetario Internacional and published by . This book was released on 2004 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Gabon Request for Stand by Arrangement written by and published by . This book was released on 1989 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Gabon written by and published by . This book was released on 2007 with total page 75 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Gabon written by International Monetary Fund and published by International Monetary Fund. This book was released on 2009-04-01 with total page 79 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents key findings of the Second and Third Reviews for Gabon under the Stand-By Arrangement. Performance under the program has been mixed. Non-oil economic growth was robust prior to the onset of the international financial crisis, spurred by high oil and commodity prices. However, little progress has been made to bring the non-oil fiscal deficit to a sustainable position. IMF staff supports the authorities’ request for waivers for nonobservance of the performance criteria and recommends completion of the second and third reviews.

Download or read book Gabon Second Review Under the Stand By Arrangement Request for Waiver of Performance Criterion and Review of Financing Assurances staff Report Press Release on the Executive Board Discussion and Statement by the Executive Director for Gabon written by Fondo Monetario Internacional and published by . This book was released on 2005 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Gabon written by International Monetary Fund. African Dept. and published by International Monetary Fund. This book was released on 2020-04-16 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper highlights Gabon’s Request for a Purchase Under the Rapid Financing Instrument (RFI). The coronavirus disease 2019 (COVID-19) pandemic and concurrent collapse in oil prices are expected to put the economy under extreme stress, particularly in a context of limited financial buffers. Economic activity will slow, and the fiscal and external positions will weaken, creating significant additional financing needs. In addition to immediate measures of containment, including border closures and curfews, the authorities are also taking significant steps to strengthen health policy responses and support households and firms. The RFI fund is expected to help create fiscal space for essential COVID19-related expenditure and catalyze donor support. The size and impact of the shocks is, however, subject to a considerable margin of uncertainty. The IMF continues to monitor Gabon’s situation closely and stands ready to provide policy advice and further financial support if needed, in collaboration with other donors. The authorities should stand ready to suspend all emergency measures once the crisis subsides. Over the medium term, public debt needs to be put back on a firmly downward path. The decline in oil prices will necessitate faster fiscal adjustment and economic diversification.

Download or read book Gabon written by and published by . This book was released on 2005 with total page 95 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Gabon written by International Monetary Fund and published by International Monetary Fund. This book was released on 2005-01-05 with total page 99 pages. Available in PDF, EPUB and Kindle. Book excerpt: The staff report for the Second Review Under the Stand-By Arrangement (SBA) on Gabon focuses on economic developments and policies. The program supported by the 14-month SBA aims at promoting non-oil GDP growth, while sustaining fiscal adjustment and improving public expenditure management. All performance criteria for end-September 2004 were observed, even though there were small slippages in the indicative targets for non-oil revenue and the net reduction of unpaid payments orders at the treasury. The macroeconomic environment has improved since the first review, reflecting slightly higher oil production and considerably higher oil prices.

Download or read book Gabon written by and published by . This book was released on 2005 with total page 108 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Gabon written by International Monetary Fund and published by International Monetary Fund. This book was released on 2008-01-17 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt: Gabon showed robust economic growth, low inflation, and large fiscal savings from high oil revenue, underpinned by prudent macroeconomic policies and structural reforms under the Stand-By Arrangement (SBA). Executive Directors suggested that stronger fiscal discipline is essential to keep the economy stable. They stressed the need for strengthening public financial management and adjusting fiscal programs to accommodate higher-than-programmed fuel subsidies. They advised that enhancing the investment climate by strengthening governance and increasing transparency, as well as by lifting the temporary price controls, will remove constraints to the growth of non-oil activity.

Download or read book Gabon written by International Monetary Fund and published by International Monetary Fund. This book was released on 2005-08-01 with total page 69 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses key findings of the Fourth Review Under the Stand-By Arrangement and Review of Financing Assurances for Gabon. Rising non-oil revenue and continued expenditure control contributed to maintaining fiscal discipline, and all quantitative performance criteria for end-March 2005 were observed. Structural fiscal reforms are needed to improve the quality of public spending. Public expenditure management needs to be strengthened by improving both budget preparation and budget execution. The Gabonese authorities have expressed a desire to remain closely engaged with the IMF through a multiyear follow-up arrangement.

Download or read book Gabon Stand by Arrangement written by and published by . This book was released on 1989 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Gabon Request for a Three Year Extended Arrangement Under the Extended Fund Facility Press Release Staff Report Supplementary Information and Statement by the Executive Director for Gabon written by International Monetary and published by International Monetary Fund. This book was released on 2021-08-26 with total page 133 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Gabonese economy was gradually recovering from the 2014 oil price shock when it was hit by the Covid-19 pandemic. Decisive confinement measures have helped save lives, but the pandemic and the fall in oil prices have severely hit the economy, increasing unemployment and poverty. With a weak economy and increased COVID-19 related spending, the fiscal deficit has widened, with a sharp increase in public debt. Emergency financing from the IMF through the Rapid Financing Instrument (US$299.61 million) helped meet urgent balance of payment needs in 2020. Growth is expected to resume in 2021 but the pandemic has made the economic outlook very challenging and generated sizable financing needs over the medium term.

Download or read book Annual Report on Exchange Arrangements and Exchange Restrictions 2020 written by International Monetary and published by International Monetary Fund. This book was released on 2021-08-25 with total page 4021 pages. Available in PDF, EPUB and Kindle. Book excerpt: Annual Report on Exchange Arrangements and Exchange Restrictions 2020