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Guarantee and bank surety: Cameroon allocates 300 billion FCFA to companies

07/03/2022
Categories: Companies

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Through the implementation of the import-substitution policy, a pillar of the National Development Strategy 2020-2030 (SND 30), the State of Cameroon has positioned a sum of 300 billion FCFA (506 million dollars) in during the 2022 budget year as a guarantee and surety for companies with banks. This measure, the objective of which is to allow companies to benefit from long-term financing from financial institutions, aims to boost local production. These are specific instruments and mechanisms developed to serve as a regulatory framework to support and strengthen the production tool.

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