Gabon’s new PM pledged to honor the nation’s debt commitments and is considering reforms to mitigate the economic impact of rising energy prices and combat corruption. Last month, the government entered into a USD 500 million debt-for-nature swap, committing to marine conservation in exchange for more favorable refinancing terms. That comes after Fitch and Moody’s downgraded Gabon’s credit outlook due to political instability and uncertainty regarding its willingness to repay debts.