The external component accounts for the bulk of the payments, with 69.2% of the total, or 104.7 billion FCFA, while domestic creditors receive 46.2 billion FCFA, or 30.8% of the total, excluding arrears.

In terms of external payments, multilateral institutions absorb 49.9 billion FCFA, dominated by the African Development Bank (12.8 billion FCFA), the World Bank (9.5 billion FCFA), the International Monetary Fund (6.5 billion FCFA), and Afreximbank (6.3 billion FCFA). Bilateral creditors receive 28.5 billion FCFA, including 20.7 billion FCFA directed towards China's Eximbank, while commercial creditors recover 25.3 billion FCFA, with 15.4 billion FCFA paid to Citigroup. The paid interest accounts for 14.2% of the total service executed, which is 1,059.3 billion FCFA (the remaining 85.8% going towards capital repayment), representing 43.8% of the annual target set at 2,420.1 billion FCFA by the finance law.

Although the average weighted interest rate has decreased slightly from 3% to 2.8%, reflecting apparently contained market conditions with an interest charge maintained at 1.1% of GDP, the vulnerability of the portfolio is increasing. The share of commitments subject to a rate review over the 2027 period has risen from 24% to 31.9%, exposing the sovereign treasury to market fluctuations. Meanwhile, the arrears of the public debt have stabilized temporarily at 703.5 billion FCFA, representing 1.7% of GDP, pending the final audit of payments.


Nlend Flore

Tags: dette publique cameroun finances publiques intérêts commissions institutions multilatérales banque mondiale fonds monétaire international dette extérieure dette intérieure