Search

Gabon eyes IMF lifeline as debt pressures mount

Breaking News
© Allen Dreyfus
  • Gabon to host IMF mission in June to negotiate new funding programme
  • Domestic debt restructuring plan underway as liquidity strains deepen

Gabon will host an IMF mission in mid-June to negotiate a new Extended Fund Facility (EFF), according to the Fund’s resident representative, Gomez Agou. The initiative, led by Vice President Alexandre Barro Chambrier, marks a strategic step for the transitional government nearly a year after the premature end of its previous three-year programme, initially approved in July 2021 for SDR 388.8 million (about $553 million).

Recent Business

Addis Ababa, Ethiopia. Photo by Daniel Emale @ Unsplash
Ethiopia nears $1bn Eurobond restructuring deal with investors
Read More »
Gold bars. Photo by Jingming Pan @ Unsplash
Sudan's $1.8bn gold boom defies war, boosts forex and investor confidence
Read More »
Dr Johnson Asiama, Governor of the Bank of Ghana @ Facebook/BoG
Ghana targets $630mn treasury bills as central bank unveils $1bn FX support
Read More »

Recent Politics

William Ruto, President of The Republic of Kenya. Photo: @ William Ruto/Facebook
Kenya’s opposition succession battle draws in Ruto, Uhuru as 2027 race takes shape
Read More »
Samia Suluhu Hassan, President of Tanzania. Photo @ Samia Suluhu Hassan/Facebook
Will Tanzania's shuttle diplomacy to Western nations bear fruits?
Read More »
US Marines and Sailors being transported by Marine Aerial Refueler Transport Squadron 352. Photo by Joel Rivera-Camacho @ Unsplash
US Christmas airstrikes on Nigeria may alter political equation for Tinubu
Read More »

Latest Posts

Latest news insights