Gabon is set to host a team from the International Monetary Fund next month as the government deepens engagement with the institution to shape an economic reform strategy. The visit is expected to focus on policy dialogue and technical assessment rather than financial assistance, as authorities have not submitted a request for IMF funding.
Officials say the discussions reflect a growing need to address fiscal pressures and strengthen economic management.
Talks Focused on Policy and Fiscal Assessment
The upcoming IMF mission in Libreville will examine Gabon’s recent economic performance, including budget trends and broader macroeconomic conditions. According to government officials, the aim is to benefit from expert guidance on reforms and institutional improvements.
The finance ministry has indicated that exchanges with the IMF have become more frequent and detailed, signaling a more structured approach to cooperation as the country evaluates its policy options.
Debt Levels and Economic Vulnerabilities
Gabon’s public debt has increased steadily over recent years and is now estimated at around 80 percent of gross domestic product. Analysts caution that the real level of indebtedness could be higher, raising concerns about fiscal sustainability.
As an oil-producing nation, Gabon has struggled with persistent external imbalances since the collapse in global crude prices roughly a decade ago. Reduced export earnings have weighed heavily on the economy and public finances.
Diversification Strategy and Regional Financing
To cover budget shortfalls, the government has relied largely on regional debt markets rather than international borrowing. At the same time, it has launched an ambitious diversification agenda designed to reduce reliance on oil revenues and expand other sectors of the economy.
The planned IMF visit is seen as part of these efforts, offering an opportunity to refine reform priorities and reinforce economic resilience without committing to a formal lending program.
