Search
Login

North Africa

Central Africa

East Africa

West Africa

Southern Africa

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.

You need an active subscription to continue reading this article.

Free Trial

Recent Business

2008. Exact date unknown
Tinubu Reshapes NNPC Leadership in Push for Oil Sector Reform
02/04/2025
10 hours ago
Tijani Abdulkabeer
Read More »
breaking_news
Côte d’Ivoire Lifts Cocoa Farmgate Price as Election Nears
02/04/2025
12 hours ago
Brandon Orion Mensah
Read More »
breaking_news
Ghana Abolishes E-Levy and Betting Tax in Major Fiscal Policy Shift
02/04/2025
14 hours ago
Kent Mensah
Read More »

Recent Politics

yonko-kilasi-juex154AuVA-unsplash
Kenya Moves to Broaden Money Laundering Oversight in Exit Bid
21/03/2025
1 week ago
Herald Aloo
Read More »
generic-1-1024x683
Tinubu’s Emergency Rule in Rivers Sparks Constitutional Backlash
19/03/2025
2 weeks ago
Dulue Mbachu
Read More »
breaking_news
Tinubu Suspends Rivers State Governor In State Of Emergency Address
18/03/2025
2 weeks ago
Adeola Oladipupo
Read More »

Latest Posts

Latest news insights

2008. Exact date unknown
Read More »
Tinubu Reshapes NNPC Leadership in Push for Oil Sector Reform
breaking_news
Read More »
Côte d’Ivoire Lifts Cocoa Farmgate Price as Election Nears
breaking_news
Read More »
Ghana Abolishes E-Levy and Betting Tax in Major Fiscal Policy Shift
breaking_news
Read More »
Ghana Opens IMF Fourth Review Talks as Deficit Overshoots Target
breaking_news
Read More »
Côte d’Ivoire Lifts Cocoa Farmgate Price as Election Nears
breaking_news
Read More »
Ghana Abolishes E-Levy and Betting Tax in Major Fiscal Policy Shift
breaking_news
Read More »
Ghana Opens IMF Fourth Review Talks as Deficit Overshoots Target
jeme-usman-O9XzQUkRQLc-unsplash
Read More »
Côte d’Ivoire cuts fuel prices ahead of elections, raising fiscal questions
breaking_news
Read More »
Ghana Abolishes E-Levy and Betting Tax in Major Fiscal Policy Shift
breaking_news
Read More »
Ghana Opens IMF Fourth Review Talks as Deficit Overshoots Target
jeme-usman-O9XzQUkRQLc-unsplash
Read More »
Côte d’Ivoire cuts fuel prices ahead of elections, raising fiscal questions
shavr-ik-tJh73V0Jzw0-unsplash
Read More »
Nigeria’s Private Sector Expands for Fourth Straight Month