the gulf of guinea and the global economy - AIPN

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- Pro cyclical expenditures in Gabon, 1981-2002:Strong correlation between public expenditure and oil market developmentselopments(Fiscal measures are in percent of GDP)60Chart 6: Gabon: Fiscal Trends, 1981-2002in percent of GDP unless specified otherwise5040302010019811983198519871989199119931995199719992001Total revenue Oil revenue Total expenditureCurrent expenditure Wage Bill Oil price (US$/barrel)8
II. Challenges to Sustainable Development(2)Pro cyclical expenditures, overspending andinefficienciesWeak institutional qualityaccording to six indicators (World Bank):- Voice and accountability- Political stability- Government effectiveness- Regulatory quality- Rule of law- Control of corruption9
Page 2 and 3: THE GULF OF GUINEAAND THE GLOBAL EC
Page 4 and 5: I. The Potential of the Gulf of Gui
Page 6 and 7: II. Challenges to Sustainable Devel
Page 10 and 11: - Six indicators: weak institutiona
Page 12 and 13: III. Coping with the Obstacles to D
Page 15 and 16: IV. Need for Urgent ActionsCountrie
Page 17: IV.Need for Urgent Actions(3)The Qu
Page 20 and 21: Key Issues:V. Role for Oil Companie
Page 22 and 23: National Oil Companies (2)NOCs are
Page 24: THE EMERGENCE OF THE GULF OF GUINEA

the gulf of guinea and the global economy - AIPN

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