Gabon

New Book Sees Oil As Troubled Resource for Africa

By admin - Posted on June 27th, 2007

26 June 2007 -- A new book entitled Poisoned Wells: The Dirty Politics Of African Oil claims Africa's oil has contributed to poverty, corruption and conflict on the continent.

West African nations, including Nigeria, Angola, Gabon and Guinea, produce about 5 million barrels of oil per day, or 15 percent of the oil on the world market. The resource has pumped billions of dollars into the hands of West African governments and multi-national oil companies. » read more »

Gabon: Statement by the IMF Resident Representative in Gabon

By admin - Posted on June 7th, 2007

June 6, 2007 -- The following statement was issued on June 5, 2007, in Libreville by Richard Randriamaholy, International Monetary Fund (IMF) Resident Representative in Gabon: » read more »

IMF Approves Three-Year US$117.3 Million Stand-By Arrangement for Gabon

By admin - Posted on May 8th, 2007

May 7, 2007 -- The Executive Board of the International Monetary Fund (IMF) today approved a three-year SDR 77.15 million (about US$117.3 million) Stand-By Arrangement for Gabon to support the country's economic program. The Gabonese authorities have indicated that they intend to treat the arrangement as precautionary.

Following the Executive Board discussion, Mr. Murilo Portugal, Deputy Managing Director and acting Chairman, stated: » read more »