https://en.sputniknews.africa/20250320/gabon-has-fully-paid-its-debt-to-world-bank-countrys-government-says-1071181359.html
Gabon Has Fully Paid Its Debt to World Bank, Country's Government Says
Gabon Has Fully Paid Its Debt to World Bank, Country's Government Says
Sputnik Africa
Gabon's debt payment comes after the lender suspended disbursements in January 2025 due to missed obligations, prompting Fitch Ratings to lower the country's... 20.03.2025, Sputnik Africa
2025-03-20T16:04+0100
2025-03-20T16:04+0100
2025-03-20T16:23+0100
sub-saharan africa
economy
gabon
central africa
world bank
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debt relief
development
finance
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On March 18, Gabon fully paid its debt to the World Bank, which amounted to US$29.8 million, the Gabonese government announced in a press release.This action demonstrates Libreville's commitment to honoring its obligations to donors by reducing the heavy debt burden that had been inherited from the previous administration, as stated by the Ministry of Public Accounts. The institution had suspended disbursements to Gabon due to the accumulated unpaid debts. The payment will enable the country to return to the list of beneficiaries of World Bank financial support.
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economy, gabon, central africa, world bank, debt, debt relief, development, finance
economy, gabon, central africa, world bank, debt, debt relief, development, finance
Gabon Has Fully Paid Its Debt to World Bank, Country's Government Says
Ekaterina Shilova
Writer / Editor
Gabon's debt payment comes after the lender suspended disbursements in January 2025 due to missed obligations, prompting Fitch Ratings to lower the country's credit rating.
On March 18,
Gabon fully paid its debt to the World Bank, which amounted to US$29.8 million, the Gabonese government announced in a press release.
This action demonstrates Libreville's commitment to honoring its obligations to donors by reducing the heavy debt burden that had been inherited from the previous administration, as stated by the Ministry of Public Accounts.
The institution had suspended disbursements to Gabon due to the accumulated unpaid debts. The payment will enable the country to return to the list of beneficiaries of World Bank financial
support.
