logoBC
Yaoundé - 02 April 2020 -
Finance

Bilateral debt: China remains Cameroon's leading lender with an outstanding CFA1, 375 billion

Bilateral debt: China remains Cameroon's leading lender with an outstanding CFA1, 375 billion
  • Comments   -   Friday, 06 October 2017 18:50

(Business in Cameroon) - The autonomous amortization fund in its October 5th memo on Cameroon's economic climate informed that the country's bilateral debt, at the end of June 2017, stood at CFA2,033.2 billion. The fund monitors the country's public debt.

This amount represents a 2.1% quarterly decrease and, a 13.8% decrease on a year-to-year basis. The decrease is mainly due to two countries: China (debt incurred by Cameroon increased by 3% on a quarterly basis and decreased by 14.5% on a year-to-year basis), and France (Cameroon’s debt to France decreased by 1.5% on a quarterly basis and, by 17.4% on a year-to-year basis).

China distinguished its bilateral leadership with a CFA1375.9 billion outstanding amount. It represents 67.7% of Cameroon's total bilateral debt and 34.4% of its external debts,” the autonomous amortization Fund explained.

It also added that France comes second in this regards, with CFA542.9 billion, in part as a result of the debt reduction contract. Cameroon's outstanding debt to France represents 13.6% of the country’s external debts and 26.7% of the bilateral debts.

Sylvain Andzongo

cameroon-launches-campaign-for-its-xaf220-bln-fundraising-operation
Today April 1st, Cameroon launched a campaign for its XAF220 billion fundraising operation via bond issuance. On various media, the Ministry of Finance,...
external-debt-cancellation-cameroon-could-be-relieved-of-xaf6-650-bln-of-debt
At the end of the 3rd extraordinary meeting of the steering committee of the CEMAC Economic and Financial Reforms Programme (Pref-Cemac), CEMAC Ministers...
cameroon-targets-98-financial-inclusion-with-the-national-payment-switch
Substantially increase financial inclusion from the current 40% to 98%, which is the mobile penetration rate in Cameroon. This is one of the objectives of...
covid-19-cemac-countries-invited-to-postpone-implementation-of-any-new-corporate-taxation-measure-to-2021
The Ministers of Finance and Economy of the CEMAC region discussed the "economic and financial impacts of Covid-19 on CEMAC's economies and outline of...

Mags frontpage


Business in Cameroon n85: March 2020

Minim Martap«It might be the best bauxite ever at the moment»


The necessary reform of Cameroonian public firms


Investir au Cameroun n95 Mars 2020

Minim Martap« Peut-être la meilleure bauxite au monde à ce jour »


La nécessaire réforme des entreprises publiques camerounaises