(Business in Cameroon) - During Q1, 2018, the public security issuances organized by BEAC grew by 36.6% to stand at CFA1,216.6 billion. This was revealed by the monitoring committee in charge of the règlement et de conservation des Titres (CRCT) which held its second general assembly in Yaoundé on June 28, 2018.  

In comparison, the amount raised on this security market is about 25% of Cameroon’s budget (CFA4689 billion after the last budget meeting on June 4, 2014).

The CRCT explained that those are mainly short-term issuances and the interest rate required by the investors are ever increasing.

These increases can be explained by the high solicitations observed on BEAC security market since the end of 2015 due to the fall of commodities’ prices such as oil which constitutes between 25% to 85% of CEMAC countries’ public revenues. Therefore, to resolve their cash flow problems, those countries turn to BEAC’ security market which was created in 2011.

Brice R. Mbodiam