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Cameroon Seeks CFA1.65 Trillion From Markets to Fund Budget Gap


Finance Minister Louis Paul Motazé is presenting Cameroon’s 2026 state financing program on February 19 in Douala, seeking to persuade investors to participate in planned fundraising operations aimed at completing the government’s budget envelope.

The meeting is preceded by thematic discussions organized by the Treasury Department under the theme “Diversification of Financing Sources and Sustainable Public Debt Management.” The framing is intended to reassure investors about the country’s borrowing strategy and its ability to mobilize resources without undermining fiscal stability.

The recourse to capital markets has already been formalized. In a presidential decree signed on January 21, 2026, President Paul Biya authorized the finance minister to raise up to CFA1,650 billion on domestic and international capital markets.

According to the decree, the funds will be used “to finance development projects and to clear outstanding payment arrears (RAP).” These arrears refer to invoices pending payment at the Treasury for more than three months and represent a liquidity challenge for state suppliers.

BRM





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