The portfolio covers a set of 43 priority projects. Within this financial assortment, the historic telecommunications operator and the national drinking water company absorb 425.3 billion FCFA, representing 50.3% of the global mass.

The telecom operator monopolizes the first rank of beneficiaries with a loan of 230.4 billion FCFA, or 27.3% of the total, for investments in fiber optics and the national backbone network. The structure in charge of water distribution records 194.9 billion FCFA, or 23.1% of the grants awarded for the extension of treatment plants and urban networks. Two other major energy players, the National Electricity Transport Company with 134.9 billion FCFA and Electricity Development Corporation with 112.1 billion FCFA, complete the hard core. Together, the quartet of companies cumulates 672.3 billion FCFA, equivalent to 79.5% of the debt contracted by the central administration in the form of retrocession.

Although charged to the state's external debt for a total amount of initial commitments of 1,574 billion FCFA, these amounts vary according to the exchange rate fluctuations applied to the currencies of issue such as the euro, dollar, or yuan. The observed decrease of 3.7% over one year reflects both the amortization rate of the principal and the monetary adjustments of the conventions concluded since 2007. The accumulation of these long-term charges raises the question of the operational solvency of the beneficiary companies and the effective repayment mechanisms to the state's central treasury.


Nlend Flore

Tags: finances publiques dette extérieure camtel camwater economie investissements telecommunications eau potable energie