The Report: Gabon 2015

Download or read book The Report: Gabon 2015 written by Oxford Business Group and published by Oxford Business Group. This book was released on 2015-12-08 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt: Given the decline in oil prices from mid-2014 on, the government’s drive to diversify the economy away from its traditional reliance on hydrocarbons in line with its Emerging Gabon Strategic Plan has taken on greater importance. Drawing on its sizeable timber and mineral reserves, Gabon aims to develop new industries and boost domestic value added with the ultimate goal of achieving emerging market status by 2025. In the meantime, however, weaker oil prices will likely cause complications for the next two to three years, as the authorities grapple with lower budgets and greater debt challenges.