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1998 - Gabon - Country Portfolio Performance Review Report
This portfolio review report was prepared with a view to informing the Board of Directors of the status of Bank Group operations in Gabon, in the context of the country’s economic crisis stemming from the decline on the oil market and the substantial reduction of export revenue from timber as a result of the Asian crisis. It was prepared at the request of the Gabonese Government pursuant to a multidisciplinary mission sent by the Bank to Gabon in July 1999. In this context, all of the Bank-financed projects in Gabon were reviewed in detail; in addition, recommendations were made to improve the portfolio’s quality and to reduce the country’s commitment level.