2024-08-29 22:05:06
In Gabon, socio-economic measures to combat the high cost of living were announced during the year by the Council for the Transformation and Restructuring of Companies (CTRI) – payment of pension loans, financial controls, etc. go. However, the country is struggling to get money, due to overcrowded local markets and sluggish international markets. An economic policy which is ambitious, but within a constrained budget framework.
Almost 40% of the population faces unemployment and the poverty rate is increasing, two major problems inherited from the Bongo regime. ” Today, the government is trying to revive the economy. Thus CTRI created budget positions in the army, in the health and education sectors. », Explained Professor Gabriel Zomo Yebe, who heads the Economic Council of the National Dialogue in relation.
« It is clear that the government knows that it is not the public sector that will get all the unemployment. We will encourage young Gabonese to take action. Other measures will follow. It is clear that unemployment can only disappear in the medium term. », he continued.
Bad management, the privatization of national wealth: the change has made equity investments in large companies to put an end to bad practices, assures Gabriel Zomo Yebe. ” Among the measures we have to stopped during the national conflictthere was reappropriation of the body of our economy. Innovation does not mean nationalization, he insisted. This is because we still need to manage a small part of our economy. Favorable companies on site, national companies. »
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« All of Gabon is under construction »
The policy of special services has also been witnessed with the construction or renovation of many infrastructures. ” All of them Gabon is under construction, remove the economics professor. And at least, we have restored trust first to the Gabonese and we will restore trust to everyone. » Restoring investor confidence is undoubtedly the biggest challenge for Gabon.
Your debt can be reached 79 % in 2025, according to IMF forecasts. The country has failed to pay more and has seen its size shrink. At this point, it is difficult to borrow on the global financial markets. “ There is a report from FMI which suggests that Gabon put out a mixed budget. The president made a series of short-term promises to change people’s lives, a series of investment announcements in the oil sector. », explains Cédrick Jiongo, Central Africa specialist at Sika Finance.
Show ” of wisdom »
« I think he will be more focused on the long term than the short term. Let him begin the process of revitalizing his economy. Apart from that, I believe that Gabon has great natural strength on which it has always relied to mobilize debt. I’m talking about green bonds », specifically Cédrick Jiongo. According to the analyst: It is also a lever that you can use to be able to repay your loans that mature from next year », decided the analyst. And to conclude that Gabon will have to demonstrate ” a lot of ingenuity ».
Keen to express his goodwill in terms of transparency – especially to the Bretton Woods institutions – CTRI made public, in early August, its forestry, mining and oil contracts.
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