Cameroon – Finance: Cameroon’s need for debt stands at CFAF 1,145 billion in 2017

Cameroon's need for debt stands at CFAF 1,145 billion in 2017
Written by Deckson N.

According to the Ministry of Finance (Minfi), the need for debt of Cameroon in 2017 is 1145 billion CFA francs. It will be covered by 585 billion CFA francs of external loans and 560 billion CFA francs of domestic borrowing.

At the end of 2017, Minfi expects 89.29% of medium-term and long-term instruments (domestic treasury bonds, including CFAF 300 billion and 260 billion FCFA of bank loans).

For treasury management purposes, the Treasury may use treasury bills as required, while ensuring that, as of December 31, 2017, outstanding treasury bills (BTA) to be repaid in 2018 and that of the bonds issued, do not exceed the ceiling of 560 billion FCFA.

For the specific case of treasury bonds or bank loans, Cameroon’s strategy envisages the issuance of a new instrument. These are seven-year treasury bonds, or direct loans of 10 years maturity, and at least 3 years of grace period.

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Deckson N.

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