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Gabon needs effective alternatives to contain costs of fuel subsidies

Over the course of 2022, Gabon s economy has benefited from high oil prices

Gabon Economic Update, April 2023 - Special Topic: Reforming Fossil Fuel Subsidies

The Gabon Economic Update is an annual World Bank publication that presents an overview of the evolving macroeconomic position in Gabon, followed by a detailed exploration of a specific topic in each edition. The first chapter analyzes recent economic developments, as well as the macroeconomic outlook and risks for Gabon’s future growth. It presents policy actions that could help strengthen fiscal and debt sustainability, contain food inflation, and sustain a resilient growth path. The second chapter of this year’s Economic Update has a special focus dedicated to fossil fuel subsidies, which represent a growing fiscal burden in Gabon. This chapter analyzes the costs of fuel subsidies and discusses policy options for alleviating their fiscal impact while protecting the most vulnerable groups in the country.

APO Group - Africa Newsroom / Press release | New World Bank Gabon Economic Update Highlights the Importance of Pro-Poor Fuel subsidy reforms for a Green and Resilient Economy

New World Bank Gabon Economic Update Highlights the Importance of Pro-Poor Fuel subsidy reforms for a Green and Resilient Economy

MIL-OSI Africa: New World Bank Gabon Economic Update Highlights the Importance of Pro-Poor Fuel subsidy reforms for a Green and Resilient Economy

MIL-OSI Africa: New World Bank Gabon Economic Update Highlights the Importance of Pro-Poor Fuel subsidy reforms for a Green and Resilient Economy
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New World Bank Gabon Economic Update Highlights the Importance of Pro-Poor Fuel subsidy reforms for a Green and Resilient Economy

New World Bank Gabon Economic Update Highlights the Importance of Pro-Poor Fuel subsidy reforms for a Green and Resilient Economy
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