- Government raises $121 million via Treasury bills and bonds amid tight liquidity
- Move reflects shift towards local debt amid slow external financing
Yaoundé, Cameroon – Cameroon raised CFAF 70 billion ($121 million) on the regional government securities market this week, issuing fungible Treasury bills and bonds to reinforce short- and medium-term public finances. The operation was conducted via auction under the oversight of the Bank of Central African States (BEAC), as the country grapples with delayed external financing and weaker non-oil tax revenues.
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