Economic and Fiscal Update

Human Development Policy: The Necessary Enabler Of The PSGE A National Human Development Strategy has been adopted to promote social development through the definition and regular monitoring of numerous social indicators The social challenge in Gabon The proposed strategy aims at: ☐ Correcting gaps in basic social and infrastructure services access (e.g. sanitation, education and health) Fostering economic inclusion of marginalized groups The 4 components of the Social Pact Component 1 Economic safety nets and social transfers 2 Economic activity for poor households 3 Access to basic public services 4 Economic and social integration policy Objective ■ Allow the poor to meet their dietary, health and educational needs, with strong conditionality ■ Allow poor households to develop profitable activities (microcredit, support to micro- projects) ■ Reduce inequalities in access to social / public services through targeted investment in underprivileged areas Better quality housing, rehabilitation of slums, improved access to remote/rural areas ☐ Funding of the Social Pact The social investment strategy requires an annual budget of CFA 80-110 billion/year over 3 years Additional potential funding sources includes: Public current expenditures Savings from subsidies reforms (e.g. energy subsidies) Involved line ministries' budgets Sources: Ministry of Economy, Promotion of Investments and Prospective 25 5

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