Gabon’s finance ministry said on Thursday it had signed an additional programme \u200bworth $150 million with the World Bank, bringing \u200cthe institution’s total commitment to $600 million.<\/p>\n
The ministry’s statement added that a special commission will be established \u200bto conduct a comprehensive audit of the \u200bCentral African country’s public debt.<\/p>\n
The oil-producing nation \u2060has stepped up engagement with the \u200bInternational Monetary Fund and the World Bank as \u200bit seeks to tighten public finances.<\/p>\n
It plans to audit past borrowing and secure fresh funding for basic \u200binfrastructure, following years of debt management concerns \u200band fiscal slippages.<\/p>\n
The reasons for the audit include the failure \u200cto \u2060carry out certain projects and to transfer certain funds into the state treasury accounts, the ministry said.<\/p>\n
It also noted breaches of \u200bcontracts and budgetary \u200brules during \u2060the 2016 to 2023 period of the previous administration.<\/p>\n
The commission will \u200bbe coordinated by the minister of \u200beconomy \u2060and finance and supported by the International Monetary Fund.<\/p>\n
The audit will last over two to \u2060three \u200bmonths.<\/p>\n
Gabon has formally requested \u200ba programme from\u00a0the International Monetary Fund\u00a0to help stabilise its \u200bfinances.<\/p>\n","protected":false},"excerpt":{"rendered":"
Gabon’s finance ministry said on Thursday it had signed an additional programme \u200bworth $150 million with the World Bank, bringing \u200cthe institution’s total commitment to $600 million. The ministry’s statement added that a special commission will be established \u200bto conduct a comprehensive audit of the \u200bCentral African country’s public debt. The oil-producing nation \u2060has stepped […]<\/p>\n","protected":false},"author":1,"featured_media":18939,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":4,"jnews-multi-image_gallery":[],"jnews_single_post":{"format":"standard","override":[{"template":"1","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"default-sidebar","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"top","share_float_style":"share-monocrhome","show_featured":"1","show_post_meta":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_reading_time":"0","post_reading_time_wpm":"300","post_calculate_word_method":"str_word_count","show_zoom_button":"0","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"1","show_comment_section":"1","number_popup_post":"1","show_post_related":"1","show_inline_post_related":"1"}],"image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post_position":"meta","trending_post_label":"Trending","sponsored_post_label":"Sponsored by","disable_ad":"0","source_name":"Reuters","subtitle":""},"jnews_primary_category":[],"jnews_social_meta":[],"jnews_override_counter":{"view_counter_number":"0","share_counter_number":"0","like_counter_number":"0","dislike_counter_number":"0"},"footnotes":""},"categories":[28,32,2362],"tags":[181,1436,1184],"class_list":["post-20679","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-central-africa","category-economy","category-featured","tag-gabon","tag-international-monetary-fund","tag-world-bank"],"_links":{"self":[{"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/posts\/20679","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/comments?post=20679"}],"version-history":[{"count":1,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/posts\/20679\/revisions"}],"predecessor-version":[{"id":20680,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/posts\/20679\/revisions\/20680"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/media\/18939"}],"wp:attachment":[{"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/media?parent=20679"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/categories?post=20679"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/tags?post=20679"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}