Faced with stagnating oil reserves, Gabon’s long-term economic growth depends on the successful diversification of the economy. Barring any major new discoveries, Gabon’s oil output is forecast to fall significantly over the course of the next 20 years, exerting pressure on a government that currently depends on oil revenues for 58% of its budget...
Since 1953, when oil was first discovered near Port-Gentil, Gabon’s economy has been dominated by the petroleum industry. According to the BP “Statistical Review of World Energy 2012”, Gabon is the sixth-largest crude oil producer in sub-Saharan Africa and has the region’s fourth-largest proven reserves.
In light of the abundant liquidity in Gabon’s banking system, to what extent do you feel that financial intermediation can be further encouraged?
In July 2012 the European Central Bank and the Central Bank of China reduced interest rates. What does this mean for these economies?
The defining trait of Gabon’s political climate for the past 40 years has been that of stability. While the first decade of independence saw a modicum of unrest and a coup, the country has in general seen little of the turbulence that has plagued other countries in the region.
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