Fitch Warns of Potential Default on Gabon's Dollar Bonds Amid IMF Uncertainty

Fitch Ratings has issued a warning that Gabon may default on its dollar-denominated bonds due to ongoing uncertainty about whether the oil-rich country will formally request a program from the International Monetary Fund (IMF). Bloomberg posted on X, highlighting the risks associated with Gabon's financial situation. The nation, which relies heavily on oil production, faces challenges in managing its debt obligations without external assistance. Fitch's caution underscores the importance of clarity regarding Gabon's intentions with the IMF, as this could significantly impact its ability to meet bond payments. The situation remains fluid, with potential implications for investors and the broader economic stability of Gabon.