ressure groups and leaders:
NA

International organization participation:
ACCT, ACP, AfDB, AU, BDEAC, CEMAC, FAO, FZ, G-24, G-77, IAEA, IBRD,
ICAO, ICCt, ICRM, IDA, IDB, IFAD, IFC, IFRCS, ILO, IMF, IMO,
Interpol, IOC, IOM, IPU, ITU, ITUC, MIGA, NAM, OIC, OIF, OPCW, UN,
UNCTAD, UNESCO, UNIDO, UNMIS, UNWTO, UPU, WCL, WCO, WHO, WIPO, WMO,
WTO

Diplomatic representation in the US:
chief of mission: Ambassador Jules Marius OGOUEBANDJA
chancery: Suite 200, 2034 20th Street NW, Washington, DC 20009
telephone: [1] (202) 797-1000
FAX: [1] (202) 332-0668
consulate(s): New York

Diplomatic representation from the US:
chief of mission: Ambassador Barrie R. WALKLEY
embassy: Boulevard du Bord de Mer, Libreville
mailing address: Centre Ville, B. P. 4000, Libreville
telephone: [241] 76 20 03 through 76 20 04, after hours - 74 34 92
FAX: [241] 74 55 07

Flag description:
three equal horizontal bands of green (top), yellow, and blue

Economy Gabon

Economy - overview:
Gabon enjoys a per capita income four times that of most of
sub-Saharan African nations. This has supported a sharp decline in
extreme poverty; yet, because of high income inequality, a large
proportion of the population remains poor. Gabon depended on timber
and manganese until oil was discovered offshore in the early 1970s.
The oil sector now accounts for 50% of GDP. Gabon continues to face
fluctuating prices for its oil, timber, and manganese exports.
Despite the abundance of natural wealth, poor fiscal management
hobbles the economy. Devaluation of its currency by 50% in January
1994 sparked a one-time inflationary surge, to 35%; the rate dropped
to 6% in 1996. The IMF provided a one-year standby arrangement in
1994-95, a three-year Enhanced Financing Facility (EFF) at near
commercial rates beginning in late 1995, and stand-by credit of $119
million in October 2000. Those agreements mandated progress in
privatization and fiscal discipline. France provided additional
financial support in January 1997 after Gabon met IMF targets for
mid-1996. In 1997, an IMF mission to Gabon criticized the government
for overspending on off-budget items, overborrowing from the central
bank, and slipping on its schedule for privatization and
administrative reform. The rebound of oil prices in 1999-2000 helped
growth, but drops in production hampered Gabon from fully realizing
potential gains. In D