Gabon Targets $2 Billion in Foreign Debt to Fund 2027 Budget Amid Soaring Repayment Pressures

Gabon plans to secure 1.144 trillion CFA francs ($2.01 billion) from international markets next year under an ambitious fiscal blueprint.

According to a weekend statement from the Economy and Finance Ministry, total state resources and expenditures will reach 6.223 trillion CFA francs.

The draft policy assumes real economic growth will accelerate to 4.5% in 2027, improving from the 4.0% expected in the current 2026 fiscal cycle.

Crude oil production is projected to climb 4.1% to reach 11.30 million metric tons, counterbalancing a conservative benchmark price drop to $70 per barrel.

State planners noted that “debt financial charges are projected to increase by nearly 37%,” jumping to 667.3 billion CFA francs compared to 487.6 billion CFA francs in 2026.

Furthermore, principal debt amortization is slated at 1.880 trillion CFA francs, alongside a separate 142.9 billion CFA francs allocated toward clearing legacy government arrears.

To support funding needs alongside foreign borrowing, Libreville intends to mobilize 600 billion CFA francs regionally and secure 300 billion CFA francs via commercial bank debt.

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