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THE OXEN BEHIND THE PLOW? LES BŒUFS DERRIÈRE LA CHARRUE?

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English version   Prestige buildings follow development, not the other way around. CBON gets it all wrong. The economic history of the major Western powers demonstrates a remarkably similar development trajectory, structured in sequential stages. None of these nations began by building prestige infrastructure to stimulate their growth. On the contrary, they followed a logic of accumulation, production, and then social edification, before affording themselves the luxury of monumental prestige. Before building factories, a growing urban population had to be fed. In England and France, development began in the fields through agricultural productivity gains and the establishment of clear property rights. This allowed for the generation of surplus capital and freed up labor for other sectors. In the United States, territorial expansion and the mastery of agriculture were the primary drivers of wealth accumulation. Once the agricultural foundations were secured, capital was massively dir...

QUE DIRE DU BILAN D’ÉTAPE DE CBON? QUE DIRE DU BILAN D’ÉTAPE DE CBON?

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English version   Since coming to power following the coup of August 30, 2023, CBON presents an objectively mixed record, marked both by a vast reform agenda and complex political challenges. For many Gabonese people, he retains the image of the savior who put an end to the Bongo regime. A certain level of popular support continues to be seen on the ground. However, although he promises a new era, an increasing number of voices are raising concerns about certain restrictions on public freedoms, sometimes denouncing the shadow of censorship and a shrinking of spaces for free expression. Emphasis has been placed on the fight against corruption, the launch of budgetary audits to impose transparency, and the restoration of institutions (Inclusive National Dialogue, drafting of a new constitution, and preparation for elections to formalize the return to constitutional order). But for now, without major results. CBON has instituted a theoretical monitoring method based on quarterly roadm...

ALAIN CLAUDE BILIÉ BY NZÉ PAYS FOR HIS IMPERTINENCE! ALAIN CLAUDE BILIÉ BY NZÉ PAIE POUR SON IMPERTINENCE!

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English version   In the case involving former Prime Minister Alain-Claude Bilie-By-Nze and the woman claiming a debt of 5 million from him, the request for provisional release has been denied by the Gabonese justice system. Apparently, Alain Claude Bilie-By-Nze is a dangerous criminal. He will therefore remain in custody for the time being. This is a major development at the close of this political week. The denial of provisional release is not a mere minor judicial news item; it is a highly significant event. It is not just about the fate of one man, but about the capacity of our institutions to turn the page on a system through the law, and not by mere force. For now, arbitrariness reigns Version française  Dans l'affaire concernant l'ancien Premier ministre Alain-Claude Bilie-By-Nze et la dame lui réclamant une créance de 5 millions, la demande de liberté provisoire a été refusée par la justice gabonaise. Apparemment, Alain Claude Bilié By Nzé est un dangereux criminel. Il...

WHEN ONE COMPARE THE DEBT CAPACITY OF GABON TO THAT OF THE USA, THERE IS REASON TO WORRY! QUAND ON COMPARE LA CAPACITÉ D’ENDETTEMENT DU GABON À CELLE DES USA, IL FAUT S’INQUIÉTER!

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English version   Dear readers, the argument deployed in this interview at the fourteenth minute, where the spokesperson for the Gabonese presidency attempts to downplay the national debt by pointing to the debt levels of the world's leading power, the USA, constitutes a serious macroeconomic aberration. Justifying Gabon's debt by comparing it to the United States obscures basic financial principles. The United States borrows in its own currency, the US dollar, which is the world's primary reserve currency. They have total control over their monetary policy, which virtually eliminates the classic risk of default. Gabon, on the other hand, operates within the CFA franc system pegged to the euro, and must often borrow in foreign currencies. This directly exposes it to exchange rate risk and the limits imposed by its foreign exchange reserves. The dynamics of a debt-to-GDP ratio are not interpreted the same way depending on the issuer. The credibility and liquidity of the Amer...