GABON HAS BEEN PARTIALLY SUSPENDED FROM THE COMMONWEALTH

In light of the recent military coup that resulted in the ousting of President Ali Bongo, Gabon has been subjected to a partial suspension from the Commonwealth. This suspension entails exclusion from all Commonwealth activities and suspension from the Councils of the Commonwealth. The suspension is contingent upon the restoration of democracy in Gabon. Additionally, the African Union has suspended Gabon from all AU activities in response to the coup. 

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It is noteworthy that Gabon became a member of the Commonwealth in 2022, despite never having been under British rule. However, members can be suspended from the Councils of the Commonwealth for serious or persistent violations of the Harare Declaration, particularly in abrogating their responsibility to have democratic government. The Commonwealth Ministerial Action Group (CMAG) convenes regularly to address potential breaches of the Harare Declaration and to agree upon suspensions.

In light of the recent military coup that resulted in the ousting of President Ali Bongo, Gabon has been subjected to a partial suspension from the Commonwealth. This suspension entails exclusion from all Commonwealth activities and suspension from the Councils of the Commonwealth. The suspension is contingent upon the restoration of democracy in Gabon. Additionally, the African Union has suspended Gabon from all AU activities in response to the coup. 

It is noteworthy that Gabon became a member of the Commonwealth in 2022, despite never having been under British rule. However, members can be suspended from the Councils of the Commonwealth for serious or persistent violations of the Harare Declaration, particularly in abrogating their responsibility to have democratic government. The Commonwealth Ministerial Action Group (CMAG) convenes regularly to address potential breaches of the Harare Declaration and to agree upon suspensions.

The Commonwealth's decision to suspend Gabon has had noteworthy ramifications on the nation's economy. Although the complete scope of the aftermath remains to be ascertained, the ensuing factors underscore the possible repercussions:

Trade and Investment: The Commonwealth's objective is to enhance trade and economic activity among its member nations. The exclusion of Gabon from Commonwealth activities could potentially result in a loss of trade opportunities and reduced foreign direct investment, which may impede the country's economic growth.

  International Reputation: Gabon's suspension from the Commonwealth could potentially damage its international reputation and make it less appealing to potential investors. This could further exacerbate the country's economic challenges, particularly in the aftermath of the recent military coup.

  Dependency on Natural Resources: Gabon's economy is heavily reliant on its natural resources, particularly oil. The decline in petroleum prices in the mid-1980s resulted in an economic downturn, and the country may face similar challenges in the current global economic climate. The suspension from the Commonwealth could further impact the country's ability to leverage its natural resources for economic growth.

  Impact on French Companies: Gabon has strong economic ties with France, and the suspension from the Commonwealth has already had consequences for French companies operating in the country. For instance, the French miner Eramet suspended all operations in Gabon during the coup, leading to a significant decline in its shares. This could have long-term implications for the country's economy, as it relies on foreign investment and partnerships for its economic development.

  Debt and Economic Growth: Gabon's high debt and low economic growth have been a cause for concern in recent years. The suspension from the Commonwealth could further exacerbate these challenges, as the country may encounter difficulties in accessing international financial assistance and support.

The potential ramifications of Gabon's suspension from the Commonwealth on the country's economy are considerable. The adverse effects may manifest in the form of diminished trade prospects, decreased foreign investments, and obstacles in effectively utilizing its natural resources, all of which could impede Gabon's economic progress in the foreseeable future. Consequently, Gabon must confront these challenges head-on and strive to reinstate democracy in order to reclaim its standing within the Commonwealth and the global community.