Mar 12 β€’ 19:05 UTC 🌍 Africa RFI Afrique (FR)

Gabon officially requests a program from the IMF

Gabon has officially requested a program from the International Monetary Fund (IMF) following discussions that highlighted the potential benefits of ongoing reforms for preserving macroeconomic stability.

Gabon has officially reached out to the International Monetary Fund (IMF) to seek a program that can provide support to the country's economic reform efforts. This request comes just over a month after initial overtures were made towards the IMF, with confirmation provided by an IMF spokesperson to RFI. IMF representatives completed a ten-day visit to Gabon, during which they discussed political priorities and reform projects that are essential to the nation’s economic landscape.

During these discussions, the IMF highlighted the potential benefits of the continued reforms being pursued by Gabon. According to the IMF spokesperson, the primary goal of the program will be to ensure macroeconomic stability both within Gabon and across the broader region. This marks a significant shift for the Gabonese leadership, as just months prior, they had dismissed the likelihood of entering into an agreement with the IMF. This change can be attributed to the new leadership under Thierry Minko, who took over as the Minister of Economy in January.

The ongoing discussions with the IMF are expected to evolve further, as both parties work towards establishing a program that aligns with Gabon's political and economic objectives. The implications of this agreement could be substantial for Gabon's economic landscape, as it would provide the necessary support for implementing the vital reforms needed to stabilize the economy and foster growth in the coming years.

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