Cameroon Repays CFA6.9 Trillion in Public Debt Since 2010

Cameroon has repaid CFA6.9 trillion in public debt since 2010, enhancing its financial credibility. The government has raised CFA8.6 trillion through diverse markets, utilizing funds for infrastructure projects and managing cash flow. Timely repayments indicate growing confidence in the country’s financial standing.

Since December 2010, Cameroon has repaid CFA6.9 trillion in loans, following the issuance of its first bond. This significant achievement was disclosed by the Ministry of Finance during a seminar held on February 27 in Douala that focused on “Structured Financing: A Key Tool for Infrastructure Development.” Samuel Tela, the Director of Treasury, affirmed that all debts were cleared promptly, and Finance Minister Louis Paul Motazé highlighted that such timely repayments reflect a positive public confidence in Cameroon’s financial stability.

Between 2010 and early 2025, Cameroon is projected to have raised a total of CFA8.6 trillion from various markets. The government utilized CFA1.2 trillion through bonds on the Central African Stock Exchange, another CFA1.2 trillion via Eurobonds and private placements on international markets, and over CFA6.2 trillion from the Bank of Central African States’ public securities market since 2011. These funds have supported the government in managing immediate cash flow requirements primarily through Treasury bills.

The funds raised have also fueled major infrastructure initiatives, utilizing long-term instruments such as Treasury bonds, government bonds, and eurobonds for large-scale investments. By fulfilling its debt obligations in a timely manner, Cameroon reinforces its credibility within financial markets, thus ensuring ongoing access to funding for future development projects.

In summary, since 2010, Cameroon has repaid nearly CFA7 trillion in public debt, demonstrating financial responsibility and enhancing investor confidence. The government has strategically raised CFA8.6 trillion to support infrastructure development and maintain cash flow, primarily through various market instruments. The successful and timely repayment of debts plays a vital role in securing future financial opportunities for the nation.

Original Source: www.businessincameroon.com