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Public securities: Cameroon must repay $55 million in debt this Friday

10/02/2022
Categories: Economy/Forex

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The Cameroonian public treasury must repay $55 million in debt on February 11, 2022. On February 7, the country carried out a new issue of 26-week Treasury bonds (BTA), in order to be able to secure an envelope of 20 billion FCFA, intended to these refunds.

In 10 years of presence on the public securities market set up by the Bank of Central African States (Beac), the issuing institute of the six CEMAC countries (Cameroon, Congo, Gabon, Chad, CAR and Equatorial Guinea), Cameroon has repaid 3000 billion FCFA of debts, at the end of December 2021. On February 11, 2022, the Public Treasury will have to settle again a total debt of 32 billion FCFA ($55.6 million). According to the Directorate General of the Treasury of the Ministry of Finance, since 2011, when this market was launched, Cameroon has never been in default of payment.

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