Cameroon’s domestic arrears hit $1.4bn as liquidity pressures deepen

• Over 60% of unpaid bills now qualify as budgetary arrears
• Treasury strain threatens SMEs and may push bond yields higher

Cameroon is grappling with a deepening backlog of unpaid state bills, with total domestic arrears hitting XAF 853.7 billion ($1.4 billion) by the end of March 2025, according to the latest debt bulletin from the Caisse Autonome d’Amortissement (CAA). The figure marks a 37.4% increase year-on-year, underscoring the country’s worsening fiscal execution and mounting liquidity constraints.