Development Projects: Paul Biya Authorizes Two New Loans of 84.5 Billion FCFA
The Head of State signed two presidential decrees on July 30, 2026, authorizing the mobilization of a total envelope equivalent to 130 million euros, or 84.5 billion FCFA.
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The first agreement combines a loan of 78.7 million euros (51.57 billion FCFA) and a grant of 10 million dollars (5.61 billion FCFA) awarded by the World Bank under the West and Central Africa Health Security Program. The second envelope brings together three agreements concluded with the Islamic Development Bank for an amount of 41.92 million euros (27.4 billion FCFA), earmarked for the execution of the Dja Integrated Rural Development Project.
These authorizations bring the volume of loans validated by the presidency to over 100 billion FCFA in the space of one week. On July 22, 2026, two texts already authorized the government to raise 25.6 billion FCFA (39.2 million euros), divided between 4.12 billion FCFA provided by Deutsche Bank Spain for the development of the municipal lake of Yaounde and 21.6 billion FCFA allocated by the International Development Association to the Adaptive Social Safety Nets and Economic Inclusion Project.
The multiplication of borrowings comes in a context of continuous growth of the state's financial debt. At the end of June 2026, the total public debt stock reached 15,607 billion FCFA, representing 44.2% of the national gross domestic product. The outstanding amount has increased by over 1,000 billion FCFA compared to the 14,409 billion FCFA recorded in June 2025, driven by 514 billion FCFA of new commitments contracted during the first half of the current fiscal year.
Bernardo
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