(Business in Cameroon) – Cameroon experienced a significant decline in public investment, with a drop of 21% in the first quarter of 2024. According to the Ministry of Finance, only CFA144.7 billion was allocated to public investment over the period, down 38.5% YoY.
While the Ministry’s report does not provide specific reasons for this downturn, an analysis of the data points to the “low disbursement of external loans” as a likely factor. These loans are crucial for funding various investment projects throughout the country.
The Ministry of Finance highlights that this low disbursement is largely to blame for the overall decrease in resources mobilized by the Cameroonian treasury during this period. By the end of March 2024, total resources mobilized amounted to CFA1,461.5 billion, which is nearly CFA77 billion, or 5%, less than what was reported at the same time last year.
