In Cameroon, the debt ceiling during the 2018 budget year is set at 650 billion F CFA against 1500 billion in 2017. Announcement made this Wednesday by the Directorate General of Treasury, Financial and Monetary Cooperation of the Ministry of Finance.
According to the Public Debt Strategy Document (DSEP), this reduction “takes into account the constraints of the program with the IMF (International Monetary Fund) and the concern to keep Cameroon’s public debt on a sustainable path, with a risk of moderate debt distress “.
Despite a debt ratio lower than the Community ceiling of 70% of GDP, the financing of infrastructure projects by commercial loans led to a sharp rise in public debt to 34,1% of GDP in 2016 against 15,6% in 2012, d after a recent report by the African Development Bank (AfDB).
The country’s risk of over-indebtedness (also confronted with falling oil and commodity prices and security threats) has risen from “moderate” to “high,” he notes.
