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Financial market: Gabon wants to mobilize 700 billion FCFA

28/02/2022
Categories: Index/Markets

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Gabon in campaign for the mobilization of a sum of 700 billion FCFA. To this end, the Director General of Public Accounting and the Gabonese Public Treasury, Franck Yann Koubge, has started a series of meetings.

Libreville wants to mobilize investors in the acquisition of securities and bonds from the Gabonese public treasury which will be issued throughout the year 2022. During the year 2022, the Gabonese public treasury will issue securities worth 250 billion and treasury bonds worth 450 billion or a total of 700 billion FCFA. In front of investors, the bosses of Gabonese finance argue the success of the reimbursement of previous issues. The money collected will be directed towards investments in order to boost the growth of the Gabonese economy hard hit by the Covid 19 pandemic. In 2021, for example, Gabon reimbursed almost 100% of the securities and bonds issued, proof of solvency. of the State according to Mr. Koubge.

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