Gabon's Pivotal Year: Can Its Economy Bounce Back

INSUBCONTINENT EXCLUSIVE:
In August 2023, Gabon experienced a seismic political shift
Despite its wealth, the country grapples with poverty and inequality.The Bongo dynasty, marked by allegations of corruption, left Gabon in a
precarious state
stark
unemployed
economic reforms
The transition government, expected to last until August 2025, confronts limited fiscal space as oil revenues dwindle.The administration has
initiated a National Development Plan focusing on infrastructure, economic diversification, and social inclusion
2022
This poses a significant fiscal stability challenge
position it as a leader in carbon absorption
Gabon aims for carbon neutrality by 2050, presenting prospects for green financing.The transitional government must address economic
grievances while maintaining political stability
hinges on implementing reforms that foster transparency and inclusivity.