(Business in Cameroon) – From January to September 2024, Cameroon made debt payments totaling CFA 1,058.9 billion, covering both external and internal debt, excluding pending bills. These payments account for 64.9% of the government’s annual repayment target of CFA 1,631.3 billion, according to data from the national sinking fund (CAA).
Out of the total repayments, CFA 250 billion went toward paying interest, while CFA 808.7 billion went to the principal. The largest portion of the payments was directed to external debt, which amounted to CFA 698.3 billion by the end of September 2024, including CFA 193.5 billion in interest.
“All external debt obligations have been met, and there are no arrears in external debt,” noted the CAA’s latest report. The breakdown of external debt payments shows that 53.7% went to bilateral partners, 22.6% to multilateral donors, and 20.6% to commercial creditors.
Meanwhile, CFA 360.7 billion was allocated to repay internal debt, excluding pending payments, with CFA 56.7 billion set aside for interest, representing 15.8% of the total internal debt repayment.
