Libreville, Thursday August 17, 2023 (Infos Gabon) – Worth 436 million dollars, more than 262.5 billion F, this agreement is full of significant benefits for the country.
The announcement has something to envy under other skies. Gabon has just concluded the restructuring of part of its debt in exchange for its commitment to invest in the preservation of the oceans. The announcement is from Gabon’s Minister of Waters and Forests, Lee White, and the American NGO The Nature Conservancy. This is a project that must be spread over 15 years through a so-called “debt-nature” transaction. The country of Ali Bongo Ondimba is the very first country in Africa to experiment with it.
An announcement described as historic by the president, Ali Bongo Ondimba. “Gabon has just finalized a debt-nature swap of $436 million, more than 262.5 billion F, to finance marine conservation. It’s historic! The culmination of a long process and the beginning of a real revolution. This agreement makes it possible to reduce our debt, better conserve the environment and create more jobs for Gabonese in this sector of the future. It paves the way for other agreements of the same type in Africa. We can be proud of it! “, underlined the Head of State.
FIN/INFOSGABON/SM/2023
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