Gabon to Audit Public Debt Following World Bank Agreement
Gabon has signed a 150 million dollar agreement with the World Bank to support its finances. A special commission will audit public debt from 2016 to 2023.
Xurve View
Xurve View
Gabon signed a $150 million funding agreement with the World Bank to support a comprehensive audit of its public debt. The deal brings the World Bank's total commitment to $600 million as the oil-producing nation seeks to stabilize its finances. Investors view the audit as a critical step toward securing a formal IMF program and addressing years of fiscal slippage.
