Gabon has agreed a $3 billion oil-backed credit arrangement with Swiss commodities trader Trafigura in a move aimed at strengthening its foreign exchange reserves ahead of upcoming discussions with the International Monetary Fund.

The deal is structured around future crude oil shipments, allowing the country to access immediate funding while repaying through oil deliveries over time. It marks a shift in Gabon’s financing partners, as rival trader Vitol reportedly loses out on the arrangement.

Officials see the agreement as a way to ease short-term liquidity pressures and support broader economic stability efforts. The financing is also expected to help Gabon strengthen its position as it negotiates reforms and funding support with international lenders.

The move comes under President Brice Clotaire Oligui Nguema, who has been pushing for new funding channels to stabilize the economy and manage external obligations.
Gabon continues to rely heavily on oil revenues, and authorities are seeking ways to secure more predictable cash flow amid global market volatility and fiscal pressure.