Gabon Begins Audit of Public Loans to Establish Debt-Stock Total

Gabon began auditing its public debt to establish which obligations should be formally recognised, as the central African nation seeks a new International Monetary Fund program.

The review, covering the period from 2016 to 2024, will examine a series of disputed items including projects that weren’t fully executed, funds that didn’t reach Treasury accounts and budgetary commitments that the government argues weren’t properly recorded as public liabilities, the finance ministry said in a statement on Monday.