African Development Bank Group Approves €200 Million Loan to Support Gabon's Reform Program

Reforms aim at consolidation of public finances and structural transformation
Loan, first tranche of €500 million package
The Board of Directors of the African Development Bank (AfDB) has approved a € 200 million loan to Gabon, to support the country's economic and financial reforms programme (EFRSP). The loan aims to revive economic growth by strengthening the sustainability of public finances, as well as the structural transformation of the economy in a context marked by the recent oil price decline, which has seriously hit the economy.
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