In 2018, the debt strategy devoted a significant amount of external and domestic financing to support investment and refinancing of the public debt. The aim was to boost national economic growth and promote better debt ratios in the medium term. The 2019 public debt strategy is in line with the previous year, characterized by the persistence of the budget deficit. This deficit will be financed by program loans, project loans and bond issues.
Program loans and project loans will be signed with bilateral and multilateral partners. Bond issues will be carried out on the financial market of the sub-region. In this context, the State authorized by the Finance Act 047/2018 of 30 January 2019, a total debt of one hundred and twenty billion (120,000,000,000) of CFA francs through a bond loan. To this end, the Gabonese Republic represented by the Minister of Economy, Finance and National Solidarity wishes to mobilize, by public call for savings, the sum of one hundred billion (100,000,000,000) FCFA on the financial market of the CEMAC zone, intended to partially finance the investments in internal resources of the 2019 budget.
These investments include projects in the Roads, Education, Health, Vocational Training, Agriculture, Rural Development and various other projects.
This bond is remunerated at an annual rate of 6.25% over a maturity of five (5) years, including a grace period of one (1) year.
The proceeds of the issue of the Bond Loan by Public Call for EOG Savings 6.25% NET 2019-2024 on the financial market of the Member States of the Economic and Monetary Community of Central Africa (CEMAC), will be used to partially finance certain investment projects included in the 2019 Finance Law financed from own resources.