Cameroon held no external debt arrears, at the end of September 2018

Public management

Cameroon held no external debt arrears, at the end of September 2018

Comments

- Monday, 21 January 2019 17:45

(Business in Cameroon) - Cameroonian government cleared 100% of its external debt servicing over the first 9 months of 2018, the State budget execution report from the finance ministry informed.

In detail, the country dedicated XAF260 billion to repay its external debt, up 87% compared to the same period in 2017. Indeed, with the launch of structuring projects as of 2012, Cameroon became heavily indebted, to the extent that the International Monetary Fund (IMF) said it was a country with a “high risk of excessive debt”, in a report issued August 30, 2018. The report said Cameroon's public debt has increased by 5% of GDP since 2016.

BRM

Follow @investcameroun

Cameroon, FAO sign $2.7mln deal to support smallholder farmers

Cameroon and the Food and Agriculture Organization (FAO) signed a framework agreement worth over CFA1.617 billion (about $2,731,076) to support...

Cameroon govt cracks down on rice merchants defying price regulations

The Ministry of Commerce has been on the hunt for merchants found guilty of not adhering to the new approved prices for rice. Official sources report that...

Camtel seeks legal advocates nationwide to safeguard corporate interests

Cameroon’s incumbent operator Camtel issued a call for applications on April 19 to recruit six lawyers and six law firms across the nation's ten regions...

Mayor of Bafoussam I explores Islamic Finance for local projects

Cyrille Ngnang, mayor of Bafoussam 1 in the West region, took part in the "Community Days of Islamic Finance-Cemac," held in Yaoundé from April 22 to 26....