logoBC
Yaoundé - 20 April 2018 -
Public management

Cameroon: CFA560 billion needed to pay domestic debts in 2018

Cameroon: CFA560 billion needed to pay domestic debts in 2018
  • Comments   -   Thursday, 11 January 2018 09:42

(Business in Cameroon) - Cameroon needs CFA560 billion to pay domestic debts during the 2018 fiscal year, according to figures from the autonomous amortization fund (Caisse Autonome d’Amortissement- CAA), the country’s debt management fund.

During his new year’s address on December 31, 2017, Paul Biya, Cameroon’s president has promised to do his best to pay this debt, owed mainly to SMEs.

To do so, the country needs to raise the needed funds by collecting a maximum of tax and customs revenue, the president has explained.  

Besides, to pay the debt, the CAA does not exclude the possibility for the government to request bank loans or issue a new bond.

BRM 

Mags frontpage


Business in Cameroon n62: April 2018

First steps of an emerging nationalrecycling industry


Economic challenges related to the African Cup of Nations


Investir au Cameroun n72: avril 2018

Les premiers pas d’une industrie nationale du recyclage


Les enjeux économiques de la CAN