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Yaoundé - 22 October 2017 -
Public management

Cameroon: between 2016 and 2020, the public debt will increase by 7% of GDP and interest will reach 5.2% of revenues

Cameroon: between 2016 and 2020, the public debt will increase by 7% of GDP and interest will reach 5.2% of revenues
  • Comments   -   Thursday, 18 May 2017 06:15

(Business in Cameroon) - At the end of 2020, the Cameroonian public debt will reach 33% of GDP, based on the projections of Standard & Poor’s (S&P), the American rating agency. This forecast is equivalent to an increase of 7% over the 2016-2020 period, since the country’s public debt, officially estimated at FCfa 4,725 billion at end December 2016, only represented then 26.3% of Cameroon’s GDP.  

With a debt which will thus increase by 7% over a 4-year period, interest charges on this debt will “be close to 5.2% of Cameroon’s public revenues”, against 5.1% in 2016, S&P announced.

During the period under review, stressed the American rating agency, who maintained Cameroon’s B/B rating this past April; the share of the public debt taken from multilateral and bilateral lenders will remain the most important, approximately 63% of the global envelope.

BRM

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