AFTER A FINANCIAL ORGY OF MORE THAN 800 BILLION CFA FRANCS FOR ENTERTAINMENT, HERE IS THE HANGOVER. APRÈS UNE ORGIE FINANCIÈRE DE PLUS DE 800 MILLIARDS DE FRANCS CFA POUR L’AMUSEMENT, VOILÀ LA GUEULE DE BOIS

English version

An IMF mission coming to Gabon to audit the country’s payroll

In the third quarter of 2016, the payroll of the Gabonese administration was above target by more than 20%, going from 421.86 billion CFA francs over the same period in 2015 to 506.55 billion CFA francs.

Because of this, a mission of the International Monetary Fund is setting out for Gabon to audit the structure of the country's expenditure, including its ever-increasing payroll. The two delegations will discuss the feasibility of the plan to revive the economy, to agree on what could lead to the resolution of the financial crisis in the country.

This is not the first time that the IMF has pointed the Gabonese government's spending. That inquiry was formulated in January 2016 in Cameroon at the summit on the impact of the fall in oil prices on the economies of the Cemac zone by Christine Lagarde, Managing Director of the Fund.

This could lead to very hard discussions about the payroll and the numbers of public service workforce.

In the latest economic note, the increase in the payroll is explained by the 21% increase in the permanent net income and in the increase of the non-permanent labor force which is up by more than 4%.