GABON - POLICY RESPONSES TO COVID-19

Submitted by socpro on Fri, 05/22/2020 - 16:58
measures summary

The government has invited the SME and the Large Businesses Associations to discuss what would be the best measures to adopt in order to alleviate the impact of both crises. The government has also created a fund available at their Caisse de Depots et Consignation (CDC) with an initial allocation of FCFA 4 billion (approx. USD 2 million) to combat the propagation of COVID-19 in the country. Authorities’ current projection envisages the control of non-priority expenditure and redirect savings (FCFA 17 billion; 0.2 percent of GDP) to COVID-19 related spending. At last, the Minister of Finance has designated a public accountant in order to facilitate disbursements of health-related spending of that fund.

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