Cameroon

Cameroon’s President Paul Biya signed a decree authorizing the finance minister to borrow up to 1.039 bln USD (580 bln CFA francs) from international lenders. The plan, part of a broader effort to raise 980 bln CFA francs in new debt this year, aims to stabilize finances and fund key development projects. It will include 250 bln CFA francs from private placements, 330 bln CFA francs from global bank loans, and the remainder from local Treasury securities and domestic borrowing to limit currency risks.