In August 2023, Gabon underwent a major political transition after a coup d’état had overthrown a decades-long regime. Despite multiple reform attempts, years of poorly managed oil wealth, weak inclusion, and stagnant incomes fragilized the political and socio-economic environment in the runup to the coup. The transition authorities now face a historic opportunity to pivot towards a more transparent and inclusive model of governance, but overcoming decades of entrenched institutional practice will require sustained reform efforts to achieve a point of no return. Meanwhile, the Fund-supported EFF program veered off-track soon after the completion of the first two reviews in 2022 and will expire soon.
- Format
- Paper
- Frequency
- regular
- ISBN
- 9798400277801
- ISSN
- 1934-7685
- Pages
- 80
- Published in
- United States of America
- Series
- Country Report No. 2024/144
- StockNumber
- 1GABEA2024001
Table of Contents
- FOR IMMEDIATE RELEASE 2
- CONTEXT 8
- recent developments, OUTLOOK, and risks 9
- Policy challenges and priorities 14
- A. Pressing Need for Transparency and Good Governance 14
- B. Ensuring Fiscal Sustainability 17
- Ensuring a sustainable fiscal position will require a fiscal adjustment in the near term, a framework that anchors and guides fiscal policy decisions in the longer term, and improved PFM practices to support policy implementation. 17
- Returning to a Healthier Fiscal Position 17
- C. In Search of Growth 23
- D. Data Issues and Safeguards 24
- Staff appraisal 25
- A. EFF Program: Taking Stock of Performance 42
- B. Implementation of Past Article IV Advice 44
- A. Social Security Funds 58
- CPPFAE: the Public Pension Fund 58
- The National Health Insurance Fund (CNAMGS) 59
- The Private Sector Social Security Fund (CNSS) 59
- B. SOEs in Gabon: What We Know for Now13F 60
- A. Revenue Measures 61
- B. Revenue Administration 63
- C. Spending Measures 64
- FUND RELATIONS 68
- TECHNICAL ASSISTANCE 70
- RELATIONS WITH OTHER INTERNATIONAL FINANCIAL INSTITUTIONS 72
- D. Gabon and the World Bank 72
- E. Gabon and the African Development Bank 72
- STATISTICAL ISSUES 73
