Harvest Asset Management, one of the leading players in the financial market of the Economic Community of Central African States (CEMAC), delivers an in-depth analysis of the impact on the market on August 30, 2023 following the ongoing events in Gabon with an ongoing coup attempt.

On the Treasury securities market organized at the Bank of Central African States (BEAC), the Gabonese Treasury is in second place with 24.7% (1452 billion FCFA) of the total public debt stock market, which stands at 5% 881 billion FCFA at the end of July 2023. Gabon is the leading issuer with a stock of bonds worth 463 billion, or 38.6% of the total outstanding debt on the market listed on the Central African Securities Exchange (BVMAC) as of August 25, 2023

Selon Harvest Asset in its analysis, it is good to recall that the capital market regulatory institutions (BEAC and COSUMAF) enjoy independence, at given the uncertainty about the political situation that currently prevails. For him, institutions have set up security mechanisms that protect assets and, above all, ensure the payment of public debt (interest payments and amortization). By way of illustration, the BEAC, as the central depository for market securities, is the ultimate guarantor of