logoBC
Yaoundé - 25 June 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

Mags frontpage


Business in Cameroon n52: June 2017

An interview with Isaac Tamba


5 Cameroonians contributing to the success of international corporations


Investir au Cameroun n62: juin 2017

Entretien avec Isaac Tamba


5 Camerounais qui font le succès d’entreprises internationales

  1. Most read 7 days
  2. shared 1 month
  3. read 1 month
next
prev