Gabon: civil servants strike, Libreville’s inflection point

Summary A significant threat to Gabon’s social contract is placing the Ali Bongo Ondimba-led Gabonese Democratic Party in political peril. Facing an unprecedented inflection point, the Ondimba administration will likely compromise on its austerity reforms, breaching public spending caps with a consequential outcome on debt servicing and Eurobond yields. Analysis An estimated 2,000 Gabonese civil servants marched July 12 in protest against austerity measures recently enacted by the Ali Bongo Ondimba administration. While the march drew only a small portion of the Dynamique unitaire membership base of some 105,000 public sector workers, the grievances presented cannot easily be resolved by …

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