Transcript L’avenir de l’Afrique et le soutien de la Banque mondiale

World Bank Group - Gabon
Partnership Strategy 2012-2016
1 st U K / G a b o n
Investment Forum
London, UK
November 29, 2012
What the World Bank Group does
 Combination of various public and private sector
interventions tailored to the country’s specific
context – IBRD, IDA, IFC, MIGA
 Knowledge to support public policy debates
 Development support and provide a platform for
more efficient use of the country’s own resources
 The Bank’s convening power enables us to mobilize
other funds for the benefit of our client countries.
Gabon Country Context
 Gabon is the fifth-largest oil producer in Sub-
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Saharan Africa and the second-largest exporter
of manganese.
Well endowed with arable land, forest and mineral
resources
Gabon’s oil production over the past 40 years has
transformed it into a middle-income country, with a
2011 gross domestic product (GDP) per capita of
US$11,113
As such, Gabon is one of the few IBRD countries in SubSaharan Africa.
Population is 1.5Mn
Challenges
 Gabon’s human development indicators are well
below those of countries with similar GDP per capita,
and income inequality remains high.
 Governance and Public Sector Capacity can be
strengthened
 Investment Climate needs to be improved
Economic Prospects
 While economic prospects are broadly
favorable, Gabon’s economy is vulnerable to
external shocks. Gabon is recovering from the
global financial crisis (2008–09), thanks largely to a
rebound in international demand for raw materials
and an expansionary fiscal policy.
 However, its dependence on oil makes the economy
vulnerable to external shocks.
 Gabon’s plans to compete globally will
depend largely on efforts to diversify
economic growth
It is no longer business as usual in Gabon
 . In 2009, the government introduced its economic
development plan, the Plan Stratégique Gabon
Emergent (PSGE), with the stated goal of
transforming Gabon into an emerging economy by
2025.
 In 2010, the government decided to triple
expenditure to accelerate investments in
infrastructure and to improve the investment climate
Governance Improvement Measures
 Implementing public procurement reform;
 Creation of a commission mandated to fight corruption,
the illicit diversion of funds, and capital flight ;
 Hiring an independent auditor to assess the oil
companies’ performance vis-à-vis the stated agreements
and ensuring that those agreements are in fact beneficial
to Gabon; and
 Procuring World Bank Group advice and technical
assistance to strengthen areas such as public financial
management, debt management, and taxation systems as
well as the petroleum and mining codes.
World Bank Group strategy for Gabon
 Gabon has been a member of the WB since 1963. Since
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then, $267 Mn invested by the Bank in Gabon
Country Partnership Strategy (CPS) 2012-2016 comes at
a time of renewed engagement between Gabon and the
WB – evidenced by $250-300 Mn in investments
over the next 4 years
Demand driven partnership based on supporting
Gabon’s PSGE strategy
Focus on infrastructure (telecom, energy, education),
and private sector development
Investments by IFC, guarantees by MIGA
World Bank Group Strategy for Gabon
 The CPS is selective and provides a framework for WBG
support to Gabon’s effort to transition from a highly oil
dependent economy to a diversified one that harnesses
inclusive private sector growth and makes progress in
poverty reduction.
 Consistent with the World Bank Africa Strategy, the
Gabon CPS is built around two strategic themes:
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increasing Gabon’s competitiveness and employment by promoting
economic growth and diversification; and
providing greater opportunities for all by focusing on vulnerability
and resilience and building a foundation for good governance and
public sector capacity. Gender equity is the cross-cutting theme.
World Bank Themes aligned with
Emerging Gabon Strategy
Reform and
Modernizatio
n of the State
Diversification
of the Economy
infrastructure
dev and
Regional
Planning
Improving
the
Investment
Climate
Gender Equity
Theme 1: Competitiveness
and Jobs
Theme 2: Vulnerability and
Resilience
Foundation: Governance and Public Sector Capacity
Development
of Human
Capital and
fight against
exclusion and
vulnerability
IFC Investment and Advisory Strategy
in close coordination with the WB
in Gabon and in the whole of Africa
Investment
Climate
Post-conflict, poorest IDA
Climate Change
Regional Integration
South-South Investments
Continue to improve
the investment climate
in Africa , at national
(DB Reform) and
regional level
(OHADA…) upstream
work on priority
sectors (agri, Infra
PPP, health)
MSME Support
Increase focus on
reaching Micro &
SMEs in priority
sectors and continuing
with the programmatic
roll out of successful
pilots (AMSME)
branching out to BOP
Proactive
Project
Development
Strategic Initiatives in
priority areas where
private sector
participation or access
is low. Health, Infra &
Agri. Mobilization for
significant impact in
transformational
projects
E&S Standard Setting
In Gabon:
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IFC is currently considering investments in the Manufacturing, Agribusiness and
Infrastructure Sectors
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IFC developing a program for SME Capacity Building
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IFC is supporting the GoG in its efforts to improve the Investment Climate
Conclusion
 A re-energized and renewed relationship between Gabon and
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the World Bank Group
An innovative approach drawing leveraging partnerships,
knowledge and financing
In lending, a scaled up engagement for a transformative
impact ( increase in investment portfolio from US$50m to
US$ 250-300m from 2012-2016)
A more comprehensive representation of strategic sectors
(infrastructure, investment climate improvement,,
telecommunications, governance and public financial
management)
Engagement and projects by both IFC and MIGA
Close alignment with national priorities (le Plan Stratégique
Gabon Emergent)
Thank you for your kind attention
Zouera Youssoufou
WB Country Manager for Gabon
www.worldbank.org/Gabon