Gabon: Selected Issues

Volume/Issue: Volume 2006 Issue 232
Publication date: June 2006
ISBN: 9781451813999
$15.00
Add to Cart by clicking price of the language and format you'd like to purchase
Available Languages and Formats
English
French
Prices in red indicate formats that are not yet available but are forthcoming.
Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Banks and Banking , Inflation , Economics- Macroeconomics , Money and Monetary Policy , Public Finance , ISCR , CR , price , fuel price subsidy , Gabon , oil GDP , oil resource , chapter II , fiscal surplus , Fuel prices , Energy subsidies , Oil prices , Public investment spending , Sub-Saharan Africa , Africa , Western Hemisphere , Asia and Pacific

Summary

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.