00:00Gabon has formally requested an arrangement with the International Monetary Fund, IMF officials said on Wednesday.
00:07The news comes just days after an IMF team concluded a visit to the Central African country.
00:12The fund has urged Libreville to continue with reforms aimed at improving public financial management,
00:19governance and the business climate, as well as the fight against corruption.
00:24A 2021 agreement was suspended due to problems with implementation.
00:29Efforts to resume discussions last year were ended by Gabon, which said it wanted to try a new approach.
00:36But Libreville came back to the table in January.
00:39A loan could help stabilise the OPEC members' finances,
00:43but there were concerns about debt transparency and the government's willingness to push through needed reforms.
00:49The IMF said discussions are ongoing.
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