At the end of the stay in Gabon of a mission of the International Monetary Fund (IMF) from June 13 to 25 and led by Alex Segura Ubiergo, promising prospects in terms of economic growth and diversification of the economy did not prevent that point out the weakness of the reforms initiated by the government.
According to the members of the IMF mission, “Gabon’s economic growth should recover in 2018, reaching 2% against 0.5% in 2017”.
“Inflation stood at a modest 2.7% and oil exports and new mining capacity helped reduce the current account deficit in 2017,” the mission report said.
However, the IMF demands “a greater rigor in budget execution and cash management to address the recurring problem of accumulation of external arrears that undermine the international credibility and solvency of Gabon,” said Alex Segura Ubiergo.
