The General Directorate of Debt (DGD) informs, on the basis of the debt strategy defined by the transitional president and adopted by parliament during the vote on the 2024 finance law, that “from 1is September 2023 to May 31, 2024, the repayments of Gabon’s conventional public debt represent 857.92 billion CFA francs at the aforementioned maturity, including 616.87 billion in principal debt and 241.05 in debt service and interest.
It therefore results that taking into account the repayments made in principal debt and in interest, a net debt reduction of the State of 162.95 billion CFA francs in less than ten (10) months. The outstanding public debt of the State therefore amounts to 6,988.87 billion CFA francs as of May 31, 2024.
Only the repayments for the month of June 2024 do not appear on the monitoring of repayments of the conventional debt published by the DGD. And the World Bank announced on 1is July, that it was suspending its disbursements in favor of Gabon, following late payments worth 10.4 billion CFA francs.
During a joint press conference on June 20, 2024, the Resident Representative of the International Monetary Fund in Gabon, Agou Gomez, corroborating the remarks of the Minister of Economy and Participations, Mays Mouissi, had maintained that the transitional authorities were not responsible for the heavy debt that is strangling the Gabonese economy.
It is rather attributable to the fallen regime, guilty of the non-publication of true information relating to the real proportions of the country’s overall debt, he pointed out.
Feodora Madiba
2024-07-03 16:31:55
#Figures #General #Directorate #Debt
