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CEMAC zone: The consolidated debt of countries remained stable in the second quarter of 2021

21/10/2021
Categories: Economy/Forex

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According to the latest note on public finances communicated by the Bank of Central African States (BEAC), the consolidated debt of the countries of the Economic and Monetary Community of Central Africa (CEMAC) remained relatively stable in the second quarter of 2021 .

The BEAC informs in its document that Gabon's outstanding public debt was estimated at 6,539.9 billion FCFA at the end of June, divided between 62% external debt and 38% internal debt. Main economy of the region, Cameroon, for its part obtains the yellow jersey. It has a debt of 10,687 billion FCFA at the end of June 2021, including 6,922 billion in external debt and 2,838 billion in internal debt.

According to the BEAC document, in Chad, over the same period, the external debt fell from 852.6 billion to 840.9 billion, while the internal debt fell from 1,079.8 billion to 1,082.2 billion. . In Equatorial Guinea, under the IMF-supported reform program, the debt management strategy is essentially to contract no new borrowing or secured borrowing facilities for three years. With regard to Congo, the debt is estimated at more than 6,016 billion FCFA.

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