Gabon : Government vows to fight against corruption and money laundering

Jun 10, 2015

Gabon will implement a five pillars' strategy to eradicate corruption and money laundering.

Backed by UNDP, the government has enacted a 213-page bill to eradicate corruption and money laundering in the country aimed at 10 sectors. This includes investment, forestry, mines and quarrying industries, as well as public department of education, health, transports and decentralization. It will also provide the two main financial watchdogs with more means and operational capacities.

The strategy is divided into five areas: prevention (introduction of concrete tools for the management and conduct of the policy); education (promoting probity and ethics in the management of public affairs); the definition of a framework to organise the fight (laws and procedures); as well as the designation of incentives for good practices and denunciations of corruption; Finally, sanctions will be designed for proven cases.

"This document constitutes a platform that should be used for all technical and financial partners and all stakeholders in the development of our country," said the Prime Minister Daniel Ona Ondo. The loss of the country's financial resources would amount, according to the World Bank, to between 400 and 500 billion CFA francs per year (between 60 and 75 billion euros).ADNFCR-2976-ID-801790621-ADNFCR