Search

Gabon’s Public Debt Drops to 54% of GDP, Officials Say

Allen dreyfus Logo
© Allen Dreyfus
  • Debt declines from 58% to 54% of GDP in 2024, though Fitch estimates are higher
  • Government seeks to strengthen financial stability with further debt buybacks

Gabon’s public debt stood at 54% of GDP at the end of 2024, down from 58% a year earlier, according to official figures released on Friday. The drop, authorities said, was due to the country’s ability to meet its debt obligations despite liquidity challenges.

Recent Business

Urea production facilities at Saipem. Photo @ Saipem media
Dangote and Saipem partner on mega fertilizer projects in Nigeria and Ethiopia
Read More »
Oil rig. Photo @ Pixabay
Gabon’s first private oil firm Komo Ressources Group begins production
Read More »
Underground gold mine. Photo by April Vasquez @ Unsplash
Sierra Leone seals $330mn gold mine financing in historic African-led deal
Read More »

Recent Politics

William Ruto, President of The Republic of Kenya. Photo: @ William Ruto/Facebook
Ruto strengthens 2027 re-election bid as UDA sweeps key Kenya by-elections
Read More »
Ghana President John Mahama. Photo courtesy: Office of the President/Facebook
Ghana’s $1.1bn presidential jet plan reignites debate over cost and priorities
Read More »
Tilembeya, Mopti, Mali. Photo by Kagou Dicko @ Unsplash
IMF backs Mali reforms despite insecurity and debt risks
Read More »

Latest Posts

Latest news insights