Yaoundé - 21 October 2020 -

Cemac: Public debt stabilized at 46% of GDP despite a rise in external debt in Q1-2020 (BEAC)

Cemac: Public debt stabilized at 46% of GDP despite a rise in external debt in Q1-2020 (BEAC)
  • Comments   -   Tuesday, 13 October 2020 13:37

(Business in Cameroon) - Despite CEMAC countries’ increased recourse to foreign loans (which represented 32.7% of their GDP in Q1-2020, slightly up from 31.4% of GDP in Q1-2019), their overall debts were just 46% of GDP during Q1-2020. This was revealed by BEAC, the central bank of this community space, in a report on public finances (published on October 1, 2020).

According to the report, this debt-to-GDP ratio remained within the multilateral surveillance limit during the period. It explained that this performance was possible due to the decrease in domestic debt (spurred by the measures taken by countries to clear debt arrears).

Due to the coronavirus pandemic, the volume of CEMAC countries’ debt rose again in Q2-2020. Indeed, according to figures from the BEAC, between April and June 2020, the six countries of this community space raised XAF849.5 billion on the public securities market, up by 27.2% quarter-over-quarter.


On October 17, Plateforme camerounaise du commerce equitable-P2CE (an association of consumer rights protection groups) issued a press release warning...
Cameroon Water Utilities Corporation (CAMWATER) announces that for the 2019 financial year, it recorded XAF1.8 billion of net income. This means the...
The Port of Kribi (PAK), located in southern Cameroon, is preparing to use "SIP", an automated port management software. According to Jean Marcel Belinga...
On October 18, 2020, Camari Co resumed its operations by only offering domestic flights per the Head of State’s wish. This activity resumption occurred...

Mags frontpage

Business in Cameroon n92: October 2020

Crowfunding A solution for young entrepreneurs

Serge Esso, rising lobbyist

Investir au Cameroun n102 Octobre 2020

Financement participatif Une solution pour les jeunes entrepreneurs

Serge Esso, le lobbyiste qui monte