Gabon is moving closer to formal discussions on a potential International Monetary Fund program as the oil-producing nation works to clarify its debt position, tighten public finances and secure funding for infrastructure.

The IMF said technical discussions with Gabon will continue in the coming weeks, focusing on fiscal and public debt developments as well as the country’s economic outlook. The talks could pave the way for negotiations on a new program.

Gabon formally requested an IMF program in March, stepping up engagement with the Fund and the World Bank as the government seeks additional financing while addressing weaknesses in public financial management.

Debt audit reshapes funding outlook

A government-commissioned audit has become central to Gabon’s efforts to secure the IMF program.

In April, authorities said they would conduct a review of years of public borrowing, a move the IMF described as an important step toward designing a future program.

Earlier this month, the government said the audit found Gabon’s total debt burden was lower than previously estimated.

The revised assessment could strengthen the country’s position as it seeks access to new financing.

The IMF said its latest mission also discussed Gabon’s “ambitious structural reform agenda” aimed at improving the management of public finances.

The Fund did not announce a program agreement, underscoring that further technical work is still required.

Gabon faces rising debt needs

The potential IMF financing comes as Gabon prepares for significant borrowing and debt-service requirements.

Under the government’s draft 2027 budget, the country expects to raise 1.144 trillion CFA francs, or about $2 billion, from international markets next year.

At the same time, debt service and repayments are projected to rise sharply, increasing pressure on government finances and making access to external funding more important.

For Gabon, progress toward an IMF program could provide a framework for fiscal reforms while supporting efforts to finance basic infrastructure.

The outcome of the continuing technical discussions will determine whether the country can move from preliminary engagement to formal program negotiations.