(Business in Cameroon) - In order to finance its budget deficit amounting to XAF482 billion in 2019, the Cameroonian government will once again resort to the capital market. This time, the Treasury Directorate of the Ministry of Finance reports, the government will issue XAF260 billion in public securities.

This volume is the same as in 2018 after an average of XAF300 billion over the previous three years. The decline is probably consecutive to IMF's accusations that the Cameroonian government favors non-concessional debt over concessional debt, which ias considered less expensive.

Officials at the Department of Finance are however optimistic about the success of the envisaged fundraising operations; especially since in 2018, the Treasury was able to easily mobilize XAF7 billion every two weeks on the BEAC securities market, on which Cameroon has not shown any payment default since 2011.

BRM