(Business in Cameroon) - Cameroon has reviewed its portfolio of contracted but undisbursed debt (soldes engagés-non décaissés – SENDs). This has been revealed by a report published by IMF on January 16, 2017.

In fact, according to IMF’s report, the nation plans to reduce these SENDs for projects that are not yet mature. “The CNDP has in fact identified projects subject to SENDs of more than four years, worth approximately CFAF 1,000 billion, for their elimination or reorientation in the event that they can no longer be justified”, the report reads. The government hopes that this would greatly help reduce SENDs stock by end-2019.  

Moreover, the country expects that the reduction will lead to a controlled increase of the disbursements for projects with a high financial and socio-economic impacts, able to significantly contribute to national wealth; and which would subsequently help contain budget deficit.

Let’s recall that at end-June 2017, the national amortization fund (CAA), which manages the country’s public debt, had valued SENDs to more than CFA4,906 billion.

Sylvain Andzongo