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Cameroon Seeks $761 Million from International Capital Markets to Clear Debt

© Allen Dreyfus

Kingsley Kobo

Kingsley Kobo is an expert on Francophone West and Central Africa, with over 15 years' experience covering business, finance, politics, tech, and more across both regions.
  • Cameroon aims to raise $761.4 million internationally to meet IMF requirements and clear domestic debt
  • Funds will address unpaid salaries, tax refunds, and commercial debts from 2000 to 2019.

 

Yaoundé, Cameroon – Cameroonian authorities have announced plans to raise up to $761.4 million from international capital markets to meet the requirements of the International Monetary Fund (IMF), which concluded an assessment mission in the central African country in April.

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