close
Share with your friends

Gabon

Government and institution measures in response to COVID-19.

Government and institution measures in response to COVID-19.

Return to homepage  |  Last updated: 29 April, 2020

General Information

Gabon, as all oil exporters, is being hit by two shocks—the global impacts of COVID-19 and the sharp decline in oil prices. Government policy is responding to both these developments. The primary measures, which included bans on social gatherings and travel restrictions have been enhanced over time to closing all borders, the air space, imposing a night curfew and a full lockdown since Easter Sunday, as cases started to increase. Authorities have announced that they intend to follow a comprehensive-testing strategy.

Tax measures – Direct and Indirect

(e.g. payment deferrals, rate reductions…)

Click to see a comprehensive summary of jurisdictional tax measures and government reliefs in response to COVID-19.

Economic stimulus measures

(e.g. loans, moratorium on debt repayments…)

  • 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.
  • 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.
  • The Minister of Finance has designated a public accountant in order to facilitate disbursements of health-related spending of that fund. This week the government also further announced two mechanisms totaling approximately USD 417 million to mitigate the social and economic impact of COVID-19.
  • The first mechanism, a solidarity fund of around USD 42 million will support households, and particularly the most vulnerable population, through different channels, including the payment of their water and electricity bills and the creation of a food bank.
  • The second mechanism of around USD 375 million consists of facilitating access to commercial banks financing for private (formal and informal) companies, including SMEs.
  • IMF approved a disbursement of $147 million for Gabon under the Rapid Financing Instrument to address the VIDOC-19 pandemic.

Employment-related measures

(e.g. state compensation schemes, training…)

  • Helping impacted legally constituted SMEs and VSEs which are committed to maintaining jobs.

Other measures and sources

  • Payment of water and electricity bills for the most vulnerable and economically weak people;
  • The suspension during the time of confinement of rent payments for people with no income;
  • The coverage by the state of responsibility for the losses of the small owners related to the suspension of the payment of rents;
  • Free public land transport provided by public companies;
  • The granting of food aid to people in distress and emergency situations

Main sources of information