Alamine Ousmane Mey,minister of finance
According to the Ministry of Finance (Minfi), the debt requirement in Cameroon for 2017 is FCfa 1,145 billion. It will be covered with FCfa 585 billion in foreign loans and FCfa 560 billion in internal loans.
At end of 2017, Minfi plans that the projected outstanding new public securities issuances should be made up of 89.29% of medium and long term instruments (internal bonds, including FCfa 300 billion in public securities and FCfa 260 billion in bank loans). For the State’s cashflow management needs, the Treasury could resort as required, to issuing bonds, while ensuring that by 31 December 2017, the outstanding fungible treasury bonds (BTA in French) to be paid in 2018 and securities issued do not exceed the ceiling of FCfa 560 billion.
For the specific case of treasury bonds or bank loans, Cameroon’s strategy is the planned issuance of a new instrument. These are seven-year treasury bonds to build the rate trend or direct loans with a 10-year maturity, and a grace period of at least 3 years.
Source:Bussines in Cameroon