GABON FISCAL CONSOLIDATION AND INCLUSIVE GROWTH OPERATION

closed

Closed

The development objective of Fiscal Consolidation and Inclusive Growth Development Policy Loan Project for Gabon is to support government’s efforts in: (i) increasing revenue mobilization, stabilizing the wage bill, and improving efficiency and transparency in procurement practices to strengthen fiscal balance; (ii) improving the business climate and strengthening Information and Communication Technology (ICT) services to enhance competitiveness; and (iii) improving the efficiency of health care delivery and social protection services to protect the poor. The operation is organized around three pillars: (1) Strengthening Fiscal Balance; (2) Enhancing Competitiveness; and (3) Protecting the Poor. The centerpiece of the government’s policy platform is the Strategic Plan for an Emerging Gabon (PSGE) that was adopted in 2009. The PSGE aims at modernizing the country and turning it into an emerging economy by 2025, with focus on three strategic pillars. This operation will support the implementation of the PSGE, Economic Recovery Plan (PRE), and related sector plans, while supporting further thrust for reforms under implementation. The first pillar, strengthening fiscal balance, will support policy areas and reforms closely aligned with the PRE, including a strong focus on mobilizing non‐oil revenues for about African Financial Cooperation Franc (CFAF) fifty billion in additional revenues. The second pillar, enhancing competitiveness, has a focus on the ICT sector that is fully aligned with the second pillar of the PSGE and current efforts to modernize the ICT‐enabling framework. At the same time, business climate reforms build on the improved platform for Public‐private Dialogue (PPD) and investment promotion. Finally, the third pillar, protecting the poor, is well‐aligned with the shared prosperity pillar of the PSGE, the new sector plans, and ministries’ efforts to support better access to quality health care and more effective safety nets.

FY17 - Health,FY17 - Industry, Trade and Services,FY17 - Information and Communications Technologies,FY17 - Public Administration,FY17 - Social Protection

World Bank Group

Project

Broadband, Oil and Gas, Telecommunications, Government