Expansionary and targeted fiscal policy will be key to realising Gabon’s economic diversification plan. As the state’s balance sheet expands, the administration aims to control already large recurrent spending as it sustains high public investments in infrastructure and development. In 2013 Gabon’s budget expanded spending 28% on the year before, at...
Setting forth an ambitious infrastructure development plan expected to require some CFA17trn (€25.5bn) in investment by 2025, Gabon’s government expects public investment to cover a sizeable share of this – roughly 30%. Support from multilateral agencies, traditional investors and new foreign direct investment (FDI) – either in partnership with the...
Over the last 50 years Gabon’s economy has been largely dependent on oil extraction and, despite declining levels of oil production and government efforts to promote economic diversification, this continues to be true today. According to the World Bank, oil has on average accounted for 45% of GDP, 81% of exports and 60% of budget revenue over the...
What are the biggest challenges to vertical integration in Africa’s agricultural sector?
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