Search on Ifri.org

About Ifri

Frequent searches

Suggestions

Adjustment Is Back: The Political and Financial Crisis in Central African Oil-Producing Countries. Gabon and Congo-Brazzaville

Papers
|
Date de publication
|
Image de couverture de la publication
couv_gaulme_afrique_uk_page_1.jpg
Accroche

This paper aims to highlight both the financial, economic and political adjustment cycle, affecting two Central African petro-states, Gabon and the Republic of Congo (Congo-Brazzaville). 

Image principale
Gabon_congo
Corps analyses

These two countries, linked by their rentier economic system and their common colonial history, have nevertheless experienced different political fates after independence, with the former maintaining a special relationship with France, while the latter quickly opted for Marxism. In the 1980s and 1990s, they were both subjected to structural adjustment, initially economic and financial, and then political, after the collapse of the USSR and the dissolution of single-party systems in Africa.

Nowadays and since the 2015 oil crisis, they have been subject again to a second adjustment of their public finances under the control of the International Monetary Fund (IMF). At the same time, their “hybrid” presidential regimes are challenged from within: the spectre of the civil war in the 1990s still weighs on the public arena in Congo, while the dynastic succession in Gabon has led to a lasting stalemate in the national dialogue. A new cycle of democratization is still only one scenario among others, which is relatively unlikely in the current situation, despite growing social discontent and the economic crisis in both countries.

Decoration

Available in:

ISBN / ISSN

978-2-36567-888-9

Share

Download the full analysis

This page contains only a summary of our work. If you would like to have access to all the information from our research on the subject, you can download the full version in PDF format.

Adjustment Is Back: The Political and Financial Crisis in Central African Oil-Producing Countries. Gabon and Congo-Brazzaville

Decoration
Author(s)
Photo
francois_gaulme.jpg

François GAULME

Intitulé du poste

Chercheur associé, Centre Afrique subsaharienne de l'Ifri

Related Subjects
Gabon ,

How can this study be cited?

Image de couverture de la publication
couv_gaulme_afrique_uk_page_1.jpg
Adjustment Is Back: The Political and Financial Crisis in Central African Oil-Producing Countries. Gabon and Congo-Brazzaville, from Ifri by
Copy
Image de couverture de la publication
couv_gaulme_afrique_uk_page_1.jpg

Adjustment Is Back: The Political and Financial Crisis in Central African Oil-Producing Countries. Gabon and Congo-Brazzaville