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…

Source: International Monetary Fund (IMF) |

Statement by IMF Managing Director Christine Lagarde at the Conclusion of her Meetings with the Heads of States of Central Africa

Ms. Christine Lagarde, Managing Director of the International Monetary fund (IMF), issued the following statement today in Yaoundé after her participation to a Heads of States of Central summit: “Discussions during today’s summit in Yaoundé today have been very fruitful. We discussed the economic impact on the six Central African…

Source: International Monetary Fund (IMF) |

IMF Staff Completes 2016 Discussions with the Central African Economic and Monetary Community on Common Policies for Member Countries

A team from the International Monetary Fund (IMF), led by Mario de Zamaróczy, visited Libreville and Yaoundé during April 25–May 9, 2015 and held discussions with the institutions of the Central African Economic and Monetary Community (CEMAC) on common policies for member countries.[1] At the conclusion of the mission, Mr.…