Judicial branch: Supreme Court or Cour Supreme consisting of three chambers - Judicial, Administrative, and Accounts; Constitutional Court; Courts of Appeal; Court of State Security; County Courts
Political parties and leaders: African Forum for Reconstruction or
FAR [Leon MBOU-YEMBI]; Circle of Liberal Reformers or CLR [General
Jean Boniface ASSELE]; Congress for Democracy and Justice or CDJ
[Jules Aristide Bourdes OGOULIGUENDE]; Democratic and Republican
Alliance or ADERE [Divungui-di-Ndinge DIDJOB]; Gabonese Democratic
Party or PDG, former sole party [Simplice Nguedet MANZELA, secretary
general]; Gabonese Party for Progress or PGP [Pierre-Louis AGONDJO-OKAWE,
president]; Gabonese People's Union or UPG [Pierre MAMBOUNDOU]; National
Rally of Woodcutters-Rally for Gabon or RNB-RPG (Bucherons) [Fr. Paul
M'BA-ABESSOLE]; People's Unity Party or PUP [Louis Gaston MAYILA]; Rally
for Democracy and Progress or RDP [Pierre EMBONI]; Social Democratic
Party or PSD [Pierre Claver MAGANGA-MOUSSAVOU]
Political pressure groups and leaders: NA
International organization participation: ACCT, ACP, AfDB, BDEAC, CCC,
CEEAC, CEMAC, ECA, FAO, FZ, G-24, G-77, IAEA, IBRD, ICAO, ICFTU, IDA,
IDB, IFAD, IFC, IFRCS, ILO, IMF, IMO, Interpol, IOC, ITU, NAM, OAU, OIC,
OPCW, UN, UNCTAD, UNESCO, UNIDO, UPU, WCL, WHO, WIPO, WMO, WToO, WTrO
Diplomatic representation in the US: Ambassador Jules-Darius OGOUEBANDJA consulate(s): Suite 200, 2034 20th Street NW, Washington, DC 20009
Diplomatic representation from the US: chief of mission: Charge d'Affaires Thomas F. DAUGHTON embassy: Boulevard B. P. 4000, Libreville telephone: 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 nations of sub-Saharan Africa. 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, the economy is hobbled by poor fiscal management. In 1992, the fiscal deficit widened to 2.4% of GDP, and Gabon failed to settle arrears on its bilateral debt, leading to a cancellation of rescheduling agreements with official and private creditors. Devaluation of its Francophone currency by 50% on 12 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 mandate progress in privatization and fiscal discipline. France provided additional financial support in January 1997 after Gabon had 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 December 2000, Gabon signed a new agreement with the Paris Club to reschedule its official debt. A follow-up bilateral repayment agreement with the US was signed in December 2001.
GDP: purchasing power parity - $6.7 billion (2001 est.)
GDP - real growth rate: 2.5% (2001 est.)