{"id":461842,"date":"2018-08-14T10:45:04","date_gmt":"2018-08-14T09:45:04","guid":{"rendered":"https:\/\/en.financialafrik.com\/?p=461842"},"modified":"2018-08-14T10:45:04","modified_gmt":"2018-08-14T09:45:04","slug":"gabon-debt-valued-at-cfaf-4772-billion-in-the-first-quarter-of-2018","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2018\/08\/14\/gabon-debt-valued-at-cfaf-4772-billion-in-the-first-quarter-of-2018\/","title":{"rendered":"Gabon: Debt valued at CFAF 4,772 billion in the first quarter of 2018"},"content":{"rendered":"<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div><p>Gabon&#8217;s public debt was estimated at CFAF 4,772 billion in the first quarter of 2018, which represents 52.4% of national GDP.<br \/>\n&#8220;In our projections, we will be able to reach a level of about 40% of GDP in three years,&#8221; said Hugues Mbadinga Madiya, the general director of the debt quoted by New Gabon.<br \/>\n&#8220;The decline in budgetary resources has generated significant cash flow difficulties. In recent years, therefore, there has been a problem of liquidity of the debt. This often translates into an accumulation of arrears, &#8220;he said, adding that the rapid upward trend in the debt ratio can be explained, among other things, by the mechanical decline in recorded GDP. to the oil crisis.<br \/>\nIn the first half of 2017, the debt-to-GDP ratio stood at 26%, from CFAF 3,259 billion to CFAF 4,110 billion in the space of one year. The level of the debt itself was estimated at 4,807 at the end of 2017.<br \/>\nGabon aims to reduce its debt to 40% of GDP by 2021. An audit of the public debt is announced next September.<\/p>\n<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div>","protected":false},"excerpt":{"rendered":"<p>Gabon&#8217;s public debt was estimated at CFAF 4,772 billion in the first quarter of 2018, which represents 52.4% of national GDP. &#8220;In our projections, we will be able to reach a level of about 40% of GDP in three years,&#8221; said Hugues Mbadinga Madiya, the general director of the debt quoted by New Gabon. &#8220;The<\/p>\n","protected":false},"author":530746,"featured_media":461846,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"aside","meta":{"pmpro_default_level":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"translated_post_url_fr":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[11996],"tags":[15283,290],"class_list":{"0":"post-461842","1":"post","2":"type-post","3":"status-publish","4":"format-aside","5":"has-post-thumbnail","7":"category-finance-en","8":"tag-debt-valued","9":"tag-gabon","10":"post_format-post-format-aside","11":"pmpro-has-access"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.5 (Yoast SEO v27.6) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Gabon: Debt valued at CFAF 4,772 billion in the first quarter of 2018 - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. 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