The past 40 years of oil production have turned this small but strategically positioned Central African state into an upper middle-income economy. Although figures can vary noticeably, with a GDP per capita in 2012 estimated at $9000 by the Banque des États de l'Afrique Centrale and $12,000 by the IMF, the nation is roughly on a par with Turkey and...
Successful diversification of Gabon’s economy depends on greater bank intermediation in the real economy: expanding financial access for its people and facilitating access to retail credit. While a small consumer finance sector has developed to cater to the limited cadre of formally employed workers, banks are increasingly testing mobile money...
In light of the dramatic increase in government spending since 2009, authorities in Gabon have recently moved to create the Public Procurement Regulatory Agency (Agence de Régulation des Marchés Publics, ARMP), which will be tasked with overseeing and streamlining procurement. In a region where bidding for public contracts can be a protracted affair...
The country’s production has been successfully maintained at 240,000 barrels per day (bpd) over the past four years and is expected to remain at that level for the next three years. Major producers are Perenco, Shell and Total, with each producing about 60,000 bpd. In 2013, three oil discoveries have been made: Mitsubishi Petroleum had a...
How can non-traditional sources of financing facilitate infrastructure project implementation?
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