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Gabon - Joint 2016-2020 Country Strategy Paper (CSP) and Country Portfolio Performance Review (CPPR) Report

03-May-2016

Country Context: The Republic of Gabon has continued to enjoy relative political stability despite the socio-political atmosphere which was marked by demonstrations by opposition parties and strikes in 2014 and 2015. The demands of social movements focused on the suspension of streamlining measures taken by the Government and the payment of some types of domestic arrears. Within this context, the Gabonese economy has continued to experience growth, though lately it has been affected by falling oil prices. Over the past five years, growth has continued to be driven by the implementation of a large-scale public investment programme (more than 22% of State budget). Public expenditure, which mainly focuses on infrastructure, stimulates growth in the non-oil sector. The Government has expressed its determination to accelerate economic diversification, as envisaged in the Strategic Plan for an Emerging Gabon. At the social level, Gabon’s Human Investment Strategy, which was adopted in December 2013, seeks to reduce inequalities in income and improve access to social services.

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