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Cameroon to sign a new XAF54.1 bln IDA loan agreement for "development policy support operations"

Cameroon to sign a new XAF54.1 bln IDA loan agreement for "development policy support operations"
businessincameroon.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessincameroon.com Daily Mail and Mail on Sunday newspapers.

Republic Of Cameroon , Paul Biya , Alamine Ousmane Mey , World Bank Group , International Development Association , Autonomous Sinking Fund , World Bank , Economy Alamine Ousmane Mey , குடியரசு ஆஃப் கேமரூன் , பால் பியா , அலமைன் ஔஸ்மந் மெய் , உலகம் வங்கி குழு , சர்வதேச வளர்ச்சி சங்கம் , உலகம் வங்கி , பொருளாதாரம் அலமைன் ஔஸ்மந் மெய் ,

Cameroon: The new economic and financial program will be submitted for IMF Executive Board's approval in June 2021, sinking fund CAA says

(Business in Cameroon) - The new economic and financial program being negotiated by Cameroon and the IMF could be submitted for the IMF Executive Board s approval in June 2021. This is the estimate presented by the Autonomous Sinking Fund (CAA in its recent report on the country’s debt.

Following authorities will to conclude a new economic and financial program with the IMF, preliminary discussions on the economic memorandum are ongoing between the technical teams, pending the official negotiations aimed at finalizing the terms of the program to be submitted, in June 2021, for the IMF executive board’s approva
l, the CAA writes. ....

Louis Paul Motaze , Autonomous Sinking Fund , Finance Louis Paul Motaze ,

ECF arrangement: World Bank approves XAF54.3 bln support for Cameroon

(Business in Cameroon) - The World Bank announces that on April 19, 2021, it approved the release of $100 million (XAF54.3 billion) assistance for Cameroon. According to the Bretton Woods institution, this is the last of a series of three supports in the framework of the Extended Credit Facility (ECF) arrangement between the IMF and Cameroon for the 2017-2020 period.
“
As Cameroon is embarking on an ambitious program of reforms, this operation will support policy actions to mitigate the impact of the COVID-19 pandemic by supporting public sector management, improving competition, and protecting the poor and most vulnerable,” comments Abdoulaye Seck, World Bank country director for Cameroon. ....

Abdoulaye Seck , Autonomous Sinking Fund , World Bank , Bretton Woods , Extended Credit Facility , உலகம் வங்கி , பிரெட்டன் வூட்ஸ் , நீட்டிக்கப்பட்டது கடன் வசதி ,

Cameroon: Public corporations' non-guaranteed external debt rose by 1% QoQ because of exchange rate fluctuations (sinking fund CAA)

(Business in Cameroon) - As of March 31, 2021, the non-guaranteed debt of Cameroon’s public corporations was XAF932 billion. According to the Autonomous Sinking Fund (CAA) that revealed the figure, compared to the XAF922 billion recorded as of December 31, 2020, the figure is up by XAF10 billion on a quarter-to-quarter basis. The sinking fund also explains that this rise was mainly due to exchange rate fluctuations.
This means that the fluctuation in the exchange rates between the local currency (XAF) and the currencies in which the external non-guaranteed debts are denominated caused the debt to rise by about 1% in just three months. ....

Autonomous Sinking Fund , Non Guaranteed ,

Only Six out of the Thirty-five public corporations provided new debt data, sinking fund CAA informs

(Business in Cameroon) - At end-March 2021, public corporations’ non-guaranteed debt was XAF932 billion (representing 3.9% of GDP), according to a note on the economic situation recently published by the Autonomous Sinking Fund (CAA). Specifically, their domestic non-guaranteed debt was XAF469.4 billion while their external non-guaranteed debt was XAF462.1 billion at the time.
Those figures may not be accurate because the CAA warned that it is gradually adding new data as public corporations make them available. As far as the public corporations’ non-guaranteed debt is concerned, the sinking fund explains that it is stable on a Month-to-Month basis since no new data was received from public corporations. The CAA also explains that out of the 35 public corporations on its list, only six provided new data. The rest however are still not transparent. ....

Autonomous Sinking Fund ,