The President of the Gabonese Republic, Brice Clotaire Oligui Nguema, proceeded to the official distinction of the main stakeholders in the interior debt reprofing program, in what constitutes his first strong institutional act since his inauguration.
This operation, with an overall amount of 1,400 billion CFA francs (approximately 2.8 billion dollars), has registered in a long -term domestic debt redevelopment strategy, with mature spread over ten years. It made it possible to secure 338 billion CFA francs in additional funding, while ensuring the full payment of the arrears due to multilateral donors, in particular the World Bank, the IMF, the BAD, AFD and the BID.
The financial architecture of the operation was controlled by the ALGEST Business Bank, as a main arrangement, under the strategic coordination of Ibrahima Magassa, raised on this occasion to the rank of Grand Officer of the National Order of Gabonese Merit. The BEAC representatives, as well as the leaders of the financial institutions involved in the syndication, were also distinguished, notably UBA, BGFI, Ecobank, and other key partners.
This reprofing constitutes a major step in the repositioning of Gabon on the financial markets, both by the restoration of the confidence of the creditors as by the holding, on March 5, of a round table bringing together all the technical and financial partners, having reaffirmed their commitment to the macroeconomic recovery trajectory of the country.
