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HOW DEBT STRANGLES US! COMMENT LA DETTE NOUS ÉTRANGLE!

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English version Many compatriots talk about debt, without really knowing what it is and how this debt impacts our country’s finances. We offer you very simple explanations to facilitate everyone’s understanding. When a state like Gabon issues a Eurobond (or eurobond), it borrows money from international financial markets, usually in a strong foreign currency such as the US dollar (USD) or the euro (EUR), rather than in its local currency. Borrowing is easy, it is repaying which is complicated. The State does not repay any principal during the life of the loan. He only pays the interest (called the “coupon”) each year (or every semester). The total borrowed capital must be repaid in one go, at the very last year of maturity. Let’s take an example: Borrowed capital (Main): the equivalent of 100 billion CFA francs. Maturity (Maturity): 5 years. Interest rate (Coupon): Let’s set it at 8%, which is a realistic and common rate for current African sovereign debt. Here is the schedule of disbu...
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LAURENCE NDONG IS THE QUEEN OF SMOKESCREEN! LAURENCE NDONG EST LA REINE DE L’ENFUMAGE!

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   English version The remarks made by Laurence Ndong on the set of TV5 monde illustrate the gap often observed between the official statements of a government and the reality as it is experienced and perceived by the population on a daily basis. As a leading figure (former Minister of Communication and Government Spokesperson, now Minister of the Civil Service), it is obvious that Laurence Ndong’s role is to defend the action of the State and CBON’s record. During her speeches, she is expected to highlight the government’s successes (such as the signing of new economic agreements, for example with Abu Dhabi) and to be reassuring about the future of the country. What many citizens and observers describe as demagogy or empty language is a matter of classic government communication. A representative of the state like Laurence Ndong will always tend to rely on long-term projects and an optimistic speech to maintain confidence. Conversely, the population assesses the situation on ...
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LAURENCE NDONG SPEAKS NONSENSE! LAURENCE NDONG DIT N’IMPORTE QUOI!

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A VERY GOOD DEBATE! UN TRÈS BON DÉBAT!

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AS UNDER ALI BONGO, THEY REFUSE TO RECOGNIZE REALITY! COMME SOUS ALI BONGO, ILS REFUSENT DE RECONNAÎTRE LA RÉALITÉ !

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English version The contrast between the official communication of the presidency of the republic and reality is striking. The impoverishment of the people is inversely proportional to the triumphalism of the ruling class. It is the perfect illustration of the gap between the short-term political narrative and the structural reality experienced by the populations. The official argument is indeed faced with a wall of factual data: The presidential spokesman’s statement announces that the country is « in full swing of progress ». However, an objective observation of the situation in Gabon shows us that the conditions in the country have not changed and that they have even deteriorated. Presidential communication highlights educational initiatives as a pillar of a « solid future ». The numerical reality is much darker because the teachers’ strike proves that the state’s efforts in education remain very insufficient, and that the situation of teachers is now very, very, ...
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