The Paris Club agreed to reschedule Gabon’s debt.
The French Finance Ministry, which acts as the secretariat and spokesman for the Paris Club of western creditor nations, gave no details of the amount covered by the agreement, but Gabon’s external debt currently totals around $1.2 billion. The rescheduled payments would be made over 10 years, including a four-year grace period.
Start your day right
Sign up for Essential California for news, features and recommendations from the L.A. Times and beyond in your inbox six days a week.
You may occasionally receive promotional content from the Los Angeles Times.
