Gabon; Selected Issues
Efficiency and equity reasons suggest placing a high priority on ensuring that fiscal policy is on a sustainable path. This chapter has sought to estimate the sustainable long-term non-oil primary deficit and the optimal adjustment path toward that level. The banks’ inability to monitor effectively the quality of their loan portfolios, paired with the high interest-rate floor on deposits, are key factors behind the very low degree of financial intermediation. The reform of fuel price subsidies in Gabon is necessary to facilitate pro-poor economic growth.
Year of publication: |
2006-06-20
|
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Institutions: | International Monetary Fund (IMF) ; International Monetary Fund |
Subject: | Bank credit | Banks | Budget deficits | Financial intermediation | Oil product prices | Poverty | Public investment | Selected issues | Oil subsidies | fiscal cost | fiscal policy | monetary fund | fiscal space | fiscal surpluses | primary deficit | capital expenditure |
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