Yaoundé - 22 April 2021 -

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

Minister of Decentralization and Local Development, Georges Elanga Obam (photo) recently expressed his concerns over the management of the...
Cameroon loses 40 to 50% of its cocoa seedlings in nursery plants every year because of climate change due to which dry seasons are increasingly longer....
On April 20, the Bank of Central African States (Beac) issued a pre-qualification notice for the selection of a technical and strategic partner to...
During the 2020-2021 cotton season, which will be concluded in the next few days, Cameroon Cotton Development Corporation (SODECOTON) is expected to...

Mags frontpage

Business in Cameroon n98: March 2021

State personnel Time for a slimming diet

More support to boost the Cameroonian industry’s competitiveness

Investir au Cameroun n108: Mars 2021

Personnel de l’Etat Un régime minceur s’impose

Un soutien à la compétitivité de l’industrie camerounaise