The World Bank estimates that Gabon’s economy grew by 2.9% in 2024, driven largely by the oil sector and public‑works projects. However, the Central African nation remains heavily dependent on a narrow export base, with 97% of its exports coming from oil, manganese and wood.

The Bank warns that declining oil revenues, combined with rising public expenditure, have weakened Gabon’s fiscal position, increasing fiscal risks and underscoring the urgent need for more sustainable economic management.

In response, Gabon has now formally requested a programme from the International Monetary Fund (IMF). The move is expected to help stabilise the country’s finances, improve transparency and strengthen governance across key economic sectors.

Thami Ngubeni spoke to Dr Tafadzwa Ruzive, a post‑doctoral researcher at the University of the Free State’s Office of International Affairs.