Published on 11/28/2023 at 4:10 p.m. by Linda Manga
The announcement was made during a meeting between the Minister of Economy and Participations, Mays Mouissi with the Resident Representative of the International Monetary Fund in Gabon, Gomez Agou on Monday November 27, 2023 in Libreville.
Arrival in Gabon to deny the alleged suspension of the 3th review of Gabon’s three-year program, by the International Monetary Fund Gomez Agou, the Resident Representative of this Breton Woods institution in Gabon announced the holding of a mission in 2024 by the International Monetary Fund. Indeed, contrary to what was announced by several media including our Journal, the third review of the three-year agreement (2021-2024) of the International Monetary Fund (IMF) with Gabon has not been suspended.
For the IMF representative, the media visibly misinterpreted a previous report. “I think it was a matter of interpretation. The main thing today is to take a precise look at the situation in the country; economically and financially», declared the IMF Resident Representative in Gabon. Learn about Gabon Review. “The information is not proven regarding the 3rd review. The delays relating to this third review date back to the end of 2022. These delays were made excessive with the electoral period that we experienced“, he added, explaining furthermore that “Today the priority for the authorities and the IMF is to provide a precise overview of the economic, social and financial situation of the country. And it is in this context that the minister and I discussed the arrival of the article 4 mission which will be held at the end of January 2024“. he continues.
Recall that it was in July 2021 that the IMF Executive Board approved an expanded arrangement under the Extended Credit Facility (EMDC), amounting to 388.8 million SDRs (approximately $553.2 million). ).
