Source: International Monetary Fund (IMF) |

Coronavirus - Gabon: International Monetary Fund (IMF) Executive Board Approves a US$152.61 Million Disbursement Under the Rapid Financing Instrument to Gabon to Address the COVID-19 Pandemic

Weaker external demand and a deepening of the impact of the COVID-19 pandemic have further deteriorated growth prospects and worsened external and fiscal positions

This is the second disbursement under the Rapid Financing Instrument (RFI) to help Gabon address urgent balance of payment needs stemming from the COVID-19 pandemic; weaker external demand and a deepening of the impact of the COVID-19 pandemic have further deteriorated growth prospects and worsened external and fiscal positions; the additional resources…

Source: International Monetary Fund (IMF) |

Gabon Implements the International Monetary Fund’s Enhanced General Data Dissemination System

Publication of essential macroeconomic data through the National Summary Data Page (NSDP) will provide national policy makers and domestic and international stakeholders

Gabon has launched a National Summary Data Page (NSDP) in implementing the recommendations of the IMF’s enhanced General Data Dissemination System (e-GDDS). The page serves as a one-stop publication vehicle for essential macroeconomic data in both human and machine-readable formats. The e‑GDDS was endorsed by the IMF’s Executive Board in…

Source: International Monetary Fund (IMF) |

International Monetary Fund (IMF) Staff conclude their 2019 Article IV Consultation Mission and the Fourth and Fifth Reviews of the Extended Fund Facility (EFF) arrangement in Gabon

It was agreed that generating stronger and more inclusive growth requires robust measures and far-reaching reforms

The economy is slowly recovering, but significant challenges still need to be addressed to generate stronger and more inclusive growth; it was agreed that generating stronger and more inclusive growth requires robust measures and far-reaching reforms to improve governance, increase domestic revenue mobilization, enhance the management and effectiveness of public…

Source: International Monetary Fund (IMF) |

International Monetary Fund (IMF) Executive Board Completes the Third Review of Gabon’s Extended Arrangement and Approves US$99 Million Disbursement

Executive Board decision brings total International Monetary Fund (IMF) disbursements to Gabon to about US$395.9 million

The government’s reform program, supported by the IMF, aims to restore macroeconomic stability and lay the foundation for inclusive growth. On December 19, 2018, the Executive Board of the International Monetary Fund (IMF) completed the third review of Gabon’s economic program supported by an extended arrangement under the Extended Fund…

Source: International Monetary Fund (IMF) |

Launch of the April 2018 International Monetary Fund’s (IMF) Regional Economic Outlook for Sub-Saharan Africa on Tuesday, May 8, 2018

Launch of the April’s 2018 IMF Regional Economic Outlook Report titled, Sub-Saharan Africa: Domestic Revenue Mobilization and Private Investment Where: In Ghana, Movenpick Hotel, Accra In Gabon, Ministry of Economy, Libreville When:Tuesday, May 8, 2018 at 9:45 a.m., local time in Ghana; 9:45 a.m., local time in Gabon Who: Mr.…

Source: International Monetary Fund (IMF) |

IMF Executive Completes First Review of the Extended Arrangement Under the Extended Fund Facility with Gabon and Approves US$ 101.1 Million Disbursement

This brings total disbursements under the arrangement so far to SDR 142.860 million

IMF Executive Board completes the first review of Gabon’s Extended Arrangement under the Extended Fund Facility arrangement, which enables the disbursement of about US$ 101.1 million. Gabon’s economic situation continues to be difficult, but there are signs that the country is coming out of the trough of the downturn. Fiscal…

Source: International Monetary Fund (IMF) |

IMF Staff Completes Review Visit to Gabon

An International Monetary Fund (IMF) staff team led by Alex Segura-Ubiergo visited Libreville from October 18 to November 1 for the first review of Gabon’s extended arrangement under the Extended Fund Facility (EFF)

The EFF-supported program will help Gabon restore macroeconomic stability and lay the foundation for inclusive growth. Completion of the first review would enable a second program disbursement of SDR71.43 (about US$98.8 million). Gabon’s near-term economic outlook remains difficult, with growth expected at about 0.8 percent in 2017, but there are…

Source: International Monetary Fund (IMF) |

IMF Staff Completes Staff Visit to Gabon

The EFF-supported program will help Gabon restore macroeconomic stability and lay the basis for inclusive growth

Initial signs of economic recovery noted, but Gabon’s short-term outlook remains difficult. Arrears remain a drag on economic activity. Government expressed commitment to a rapid solution. Decisive Implementation will be key to ensure the success of the authorities’ program. Progress on structural reform implementation so far is welcome. An International…

Source: International Monetary Fund (IMF) |

IMF Executive Board Approves US$642 Million Extended Arrangement Under the Extended Fund Facility (EFF) for Gabon

On June 19, 2017, the International Monetary Fund (IMF) approved a three-year extended arrangement under the Extended Fund Facility (EFF) for Gabon for SDR 464.4 million (about US$642 million), or 215 percent of Gabon’s quota, in support of the authorities’ medium-term recovery program.  Today’s Executive Board’s decision enables an immediate…

Source: International Monetary Fund (IMF) |

IMF Staff Initiates Discussions with Gabon toward a Possible Financial Arrangement

An IMF team headed by Alex Segura-Ubiergo visited Libreville from February 14-28 to initiate discussions toward a possible financial arrangement under the Extended Fund Facility (EFF)

Gabon’s medium-term economic prospects remain strong thanks to recent efforts to diversify the economy and attract investment in strategic sectors. Staff encouraged the authorities to continue to pursue this strategy, which would help the economy become more resilient to shocks and less dependent on its oil sector. Government’s intentions to…