Africa Financial Sector Responses to COVID-19 - Gabon

Jul 28, 2020

This page presents measures and initiatives by the Gabonese government, national central bank and Development Finance Institutions (DFIs) in support of a resilient domestic financial sector facing the effects of the COVID-19 pandemic.

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Instrument

Institution

Financing volume

Description 

Line of credit

Development Bank of Central African States (BDEAC)

USD 6,8 million

(June 23, 2020) This financing granted to COFINA Gabon is intended to support Gabonese SMEs in the development of their activities by financing in particular the purchase of new equipment or long and medium-term investments.

Financial support measures for the private sector

Government

USD 375 million

(April 29, 2020) Establishment of a public facility aimed mainly at small- and medium-sized enterprises (SMEs). This will enable them to benefit from measures to defer the repayment of bank loans and subsidised loans at a maximum rate of 5.5. It will cover in particular the payment of salaries, rents, water and electricity, provided that they are up to date with their tax and social security obligations.

 


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