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Cameroon to Borrow $1 Billion for Development Projects and Debt Settlement

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Amindeh Blaise Atabong

Amindeh Blaise Atabong is a financial journalist with a track record of high-impact reporting.
  • $556 million from international financial markets, remainder from domestic sources
  • IMF warns of high risk of debt distress despite low debt-to-GDP ratio

Yaoundé, Cameroon – Cameroon’s President Paul Biya has authorized the Minister of Finance to borrow an additional 616 billion francs CFA (approximately $1.019 billion) to finance development projects in the country’s revised 2024 finance bill and settle outstanding national debts.

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