Cameroon: Towards an increase in non-concessional loans from CFA436bn to CFA500bn in 2019

Finance

Cameroon: Towards an increase in non-concessional loans from CFA436bn to CFA500bn in 2019

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- Tuesday, 20 November 2018 17:32

(Business in Cameroon) - Cameroonian government plans to increase the threshold for non-concessional loans (loans granted to meet government liquidity shortages) from CFA436 billion this year to CFA500 billion in 2019. This is set in the 2019 Finance Act currently under consideration by Parliament.

Meanwhile the government is maintaining the CFA150 billion threshold for concessional loans (loans with interest rate below market rates). The limit amount of public securities allowed to be issued remained the same as this year's (CFA260 billion).

Let’s recall that budget for 2019 is CFA 4,850.5 billion, up CFA161 billion compared to this year’s CFA 4,689.5 billion.

S.A

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