Gabon

A Letter of Intent establishes a partnership with CAFI to implement the country's National Investment Framework 

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At a Glance

 

National Investment Framework Letter of Intent (LOI) signed (Decision EB.2017.09)
Implementing organization French Development Agency  
Funds requested The LOI sets a contribution of US$ 18 millions. Programmes will be developped and submitted for approval by the Executive Board. 

Context and progress

 

Gabon houses approximately 18% of the Congo- Ogooué Basin’s forest – with forests covering 88% of the country territory. For decades, Gabon’s economy has been driven by exports of oil resources. Though forestry exploitation has been an important component of the economy, deforestation rate is only 0.04%. However, as oil prices decline, economic diversification to other sectors is an important component of Gabon’s development strategy.

This is expected to result in increased resource exploitation by extractive industries and the rapid expansion of agricultural intensification. Indeed, one of the central objectives of the Emerging Gabon development plan is to make Gabon self-sufficient in terms of foodstuff production and an exporter of cash crops.

On 27 June 2017 the Government of Gabon and CAFI signed a Letter of Intent to establish a partnership to implement the National Investment Framework of Gabon

Key links

Key Documents

Decisions of the Executive Board relevant to Gabon

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Gabon R-PP and programmes

Decision EB.2017.20, October 2017

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Gabon letter of Intent

Decision EB.2017.12, June 2017

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Gabon National Investment Framework

Decision EB.2017.03, April 2017

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"Green Gabon" Operational Plan

(in French)

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Gabon CAFI Leaflet

October 2016

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"Emerging Gabon"- Strategic Plan

(in French)

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