Home » News » Public debt: Cameroon will repay 1,245.5 billion FCFA in 2023 – Cameroon Information

Public debt: Cameroon will repay 1,245.5 billion FCFA in 2023 – Cameroon Information

In 2023, Cameroon continued its debt coverage “geared toward assembly the monetary wants of the State at a decrease value”, reveals the Report on the Cameroonian financial system in the course of the interval beneath evaluate, which has simply been printed by the Ministry of the Financial system, Planning and Regional Growth (Minepat). This coverage was carried out concurrently the coverage associated to debt service, to “keep the steadiness and stability of those money owed”, we are able to learn in the identical doc. As a way to partially clear the direct debt of the central administration, Cameroon offered in 2023 the quantity of 1,245.5 billion CFA (excluding related monetary bonds). Intimately, 990.3 billion FCFA had been despatched to repay the principal and 255.1 billion FCFA to pay curiosity, or 64.2% for exterior debt and 35.8% for home debt.

Exterior debt

Intimately, relating to the exterior debt service which on the finish of December 2023 quantities to eight,149 billion FCFA (28.1% of GDP) and consists of multilateral, bilateral and industrial money owed, its fee is about at 800 billion FCFA in 2023, together with 590 billion FCFA to repay the principal (i.e. 73.7% of the entire service) and 210 billion FCFA to pay curiosity (ie 26.3% of that service). The reimbursement of the bilateral debt, with the cumulative quantity of three,143 billion FCFA on the finish of 2023, offered the vast majority of this envelope with a cumulative fee of 466.6 billion FCFA (i.e. 58.3 % of the entire service), together with 369 billion FCFA for the principal, and 97.6 billion for the curiosity. The multilateral debt, the excellent quantity of which was 4,043 billion FCFA in 2023, was repaid to the tune of 169.8 billion FCFA, giving a- in 111.8 billion for the principal and 58 billion to pay curiosity. Nonetheless within the logic of satisfying these overseas collectors, Cameroon has made a monetary effort of 163.6 billion FCFA to settle its industrial debt value 963 billion FCFA in 2023. 109.2 billion FCFA has been used to repay the principal, and 54.4 billion was used to pay curiosity.

Inside this

In 2023, home debt is made up of public securities (excluding eligible treasury bonds), structured debt and unstructured debt. Through the 2023 finances yr, home debt service was 445.5 billion FCFA, together with 400.4 billion FCFA for the amortization of the principal and 45.1 billion for curiosity. Through the interval beneath evaluate, this service primarily centered on the settlement of public securities for an quantity of 225.3 billion FCFA, structured debt for the worth of 217.4 billion FCFA and unstructured debt settled to the tune of two.8 billion FCFA. Based on the Minepat doc, the home debt was paid as follows: 208.5 billion FCFA in principal and 16.8 billion for curiosity linked to public securities. Concerning the structured debt, the principal was paid to the tune of 189.1 billion FCFA and the curiosity to twenty-eight.3 billion FCFA. As for the unstructured debt, solely the principal has been paid​​​​ for an quantity of two.8 billion FCFA.

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