Gabon : 2010 Article IV consultation : staff report, staff supplement, public information notice on the Executive Board discussion, and statement by the Executive Director for Gabon /

Gabon : 2010 Article IV consultation : staff report, staff supplement, public information notice on the Executive Board discussion, and statement by the Executive Director for Gabon /

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Bibliographic Details
Imprint:	Washington, D.C. : International Monetary Fund, ©2011.
Description:	1 online resource (51 pages).
Language:	English
Series:	IMF country report ; no. 11/97 IMF country report ; no. 11/97.
Subject:	International Monetary Fund -- Gabon. International Monetary Fund. Economic indicators -- Gabon. Debts, External -- Gabon. Debts, Public -- Gabon. Debts, External. Debts, Public. Economic history. Economic indicators. Economic policy. Gabon -- Economic conditions. Gabon -- Economic policy. Gabon. Electronic books.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12499338

Hidden Bibliographic Details
Varying Form of Title:	Gabon, 2010 Article IV consultation
Other authors / contributors:	International Monetary Fund.
ISBN:	128356727X 9781283567275 9781462335435 1462335438 1455255289 9781455255283 9781455255283
Summary:	1. Oil production over the last 40 years has transformed Gabon into a middle-income country; but income inequality is high, and noncommodity sectors are stagnant. Gabon is among the highest per capita GDP countries in Africa but ranks below the average of middle-income countries on human development indicators. Moreover, government spending has often been inefficient. The richest quintile of the population receives half of national income, yet one-third live in poverty. Oil revenue, channeled through government spending, is a main driver of economic activity, but its volatility and pro-cyclical fiscal policy have caused boom and bust cycles that have been exacerbated at times by rapidly rising and downwardly inflexible wages in the context of a fixed exchange rate regime.
Other form:	Print Version: Gabon: 2010 Article IV Consultation-Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Gabon. Washington, D.C. : International Monetary Fund,2011 9781455255283
Standard no.:	10.5089/9781455255283.002

Description
Summary:	1. Oil production over the last 40 years has transformed Gabon into a middle-income country; but income inequality is high, and noncommodity sectors are stagnant. Gabon is among the highest per capita GDP countries in Africa but ranks below the average of middle-income countries on human development indicators. Moreover, government spending has often been inefficient. The richest quintile of the population receives half of national income, yet one-third live in poverty. Oil revenue, channeled through government spending, is a main driver of economic activity, but its volatility and pro-cyclical fiscal policy have caused boom and bust cycles that have been exacerbated at times by rapidly rising and downwardly inflexible wages in the context of a fixed exchange rate regime.
Physical Description:	1 online resource (51 pages).
ISBN:	128356727X 9781283567275 9781462335435 1462335438 1455255289 9781455255283