02327cas a2200313 a 4500 AALejournalIMF021937 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513593692 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. African Dept. Gabon: Request for a Three-Year Extended Arrangement under the Extended Fund Facility-Press Release; Staff Report; Supplementary Information, and Statement by the Executive Director for Gabon. French Gabon : Request for a Three-Year Extended Arrangement under the Extended Fund Facility-Press Release; Staff Report; Supplementary Information, and Statement by the Executive Director for Gabon. Washington, D.C. : International Monetary Fund, 2021. 1 online resource (144 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students The Gabonese economy was gradually recovering from the 2014 oil price shock when it was hit by the Covid-19 pandemic. Decisive confinement measures have helped save lives, but the pandemic and the fall in oil prices have severely hit the economy, increasing unemployment and poverty. With a weak economy and increased COVID-19 related spending, the fiscal deficit has widened, with a sharp increase in public debt. Emergency financing from the IMF through the Rapid Financing Instrument (USD 299.61 million) helped meet urgent balance of payment needs in 2020. Growth is expected to resume in 2021 but the pandemic has made the economic outlook very challenging and generated sizable financing needs over the medium term. Mode of access: Internet International Agreements imf International Organizations imf Monetary Policy imf Observance imf Gabon imf IMF Staff Country Reports; Country Report ; No. 2021/189 Full text available on IMF http://elibrary.imf.org/view/journals/002/2021/189/002.2021.issue-189-fr.xml IMF e-Library