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Finance

Cameroon : CFA49.8 billion domestic debt serviced out of a CFA150 billion target during Q1, 2018  

Cameroon : CFA49.8 billion domestic debt serviced out of a CFA150 billion target during Q1, 2018  
  • Comments   -   Thursday, 28 June 2018 14:11

(Business in Cameroon) - During Q1, 2018, Cameroon’s debt servicing was CFA162.6 billion. According to the ministry of finance, this represents an increase by CFA85.4 billion (110.6%) compared to the CFA77.2 billion a year earlier.

On the other hand, compared to the CFA262.8 billion target, the debt servicing is short by CFA100.2 billion and, it is an implementation rate of 61.9%. This rate is mainly due to domestic debt servicing. Indeed, despite an increase by CFA17.5 billion (+54.2%) compared to the level in Q1, 2017, (CFA32.3 billion by March 2017 to CFA49.9 billion by March 2018), its implementation rate is 33.2% (since it is short by CFA100.2% billion compared to the CFA150 billion target).

As for external debts, during the period under review, it was CFA112.8 billion against CFA44.9 billion on a year on year basis. This is an increase by CFA67.9 billion (151.2%). The ministry of finance also noted that there is no external debt arrears.

Sylvain Andzongo

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