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Gabon Settles $29.6M in World Bank Arrears Amid Debt Pressures

© Allen Dreyfus

Brandon Orion Mensah

Brandon Mensah tracks Africa’s markets, uncovering the forces shaping investment, policy, and financial trends.
  • Government aims to restore investor confidence after missed payments
  • IMF program discussions likely to be delayed until after April elections

Gabon settled 17.9 billion CFA francs ($29.6 million) in arrears to the World Bank, the Ministry of Public Accounts and Debt said in a statement Tuesday. The payment follows the January 2025 suspension of disbursements by the lender due to missed obligations, which led Fitch Ratings to downgrade the country’s credit score.

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