Gabon: The World Bank resumes its disbursements

2023-12-13 09:10:52

DIG/ After the lifting, on November 6, 2023, by the African Development Bank (ADB) of the sanctions imposed on Gabon since the military took power on August 30, 2023, it is the turn of the World Bank to resume its economic cooperation with Gabon.

Indeed, following the evaluation mission following the activation of the World Bank’s operational policy which took place from October 16 to 25 in Libreville, On December 5, 2023, the Management of the World Bank approved the resumption of cooperation with the Transitional government.

So, from now on the pause in disbursements initiated on August 30, 2023 is lifted and the processing of requests for withdrawal of funds can resume.

To this end, a team from the loans and disbursements department of the World Bank was dispatched to Libreville from December 8 to 13, to introduce the new signatories to the use of the electronic disbursement system.

The continuation of existing projects and the preparation of new operations will be done according to the World Bank’s usual rules of engagement, it is indicated.

However, lThe resumption of development policy financing operations will be assessed on a case-by-case basis.

Evidence of the effective resumption of disbursements from the World Bank, The Bretton Woods institution invited the government to take all measures for the upcoming signing of the financing agreement for the Gabon Digitale project, the deadline for entry into force of which is set at December 31, 2023.

The Ministry of Economy and Participations, which had given itself the mission of calming relations between Gabon and its main multilateral donors, is certainly succeeding in its bet.

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