During the nine-month period from January to September 2024, Cameroon made repayments amounting to 1,058.9 billion FCFA, on its external and internal debts excluding outstanding debts (invoices awaiting payment to the Public Treasury, Editor’s note). These payments represent 64.9% of the annual repayment target, set by the government at 1,631.3 billion FCFA, according to data revealed by the Autonomous Amortization Fund (CAA).
According to the public debt manager in Cameroon, on the repayments made, 250 billion FCFA were disbursed by the Public Treasury for interest, against a principal of 808.7 billion FCFA. The largest envelope of repayments was allocated to the external debt, whose payments totaled 698.3 billion FCFA at the end of September 2024, including 193.5 billion FCFA in interest.
“To date, all external debt installments have been paid, and there are no external debt arrears. The analysis by creditor shows that 53.7% of the service is paid in favor of bilateral partners, 22.6% to multilateral donors, and 20.6% for the benefit of commercial creditors”, details the latest economic note of the CAA.
At the same time, we learn, an envelope of 360.7 billion FCFA was allocated to the repayment of the domestic debt, apart from the outstanding amounts, including 56.7 billion FCFA for the payment of interest, representing 15.8% of the overall envelope.
Courtesy: Business in Cameroon
