The Director General of the CAA, Permanent Secretary of the National Committee of the Public Debt (NCPD) is honoured to present to you the "Monthly Outlook of Cameroon's public debt N°09/20 - September 2020".
The Director General of the CAA, Permanent Secretary of the National Committee of the Public Debt (NCPD) is honoured to present to you the Monthly Outlook of Cameroon's public debt N°06/20 - June 2020.
The installation ceremony of the new managerial team took place on Wednesday, May 27, 2020 at 2:00 p.m. at the Autonomous Sinking Fund conference room. With a seating capacity of 350, the number of guests at this ceremony was however limited to the strict minimum, given the prevailing health situation in our country.
1. Encours de la Dette publique
Au 31 mai 2020, l’encours de la dette publique est estimé à 9 073 milliards de FCFA et représente 39,5% du PIB. Il est composé de 99,6% de dette publique directe y compris les Restes à Payer de plus de trois mois estimés à 296 milliards de FCFA.
2. Service de la dette publique
Au cours du mois de mai 2020, l’Etat a réglé un montant de 21,6 milliards de FCFA au titre du service de la dette publique (hors remboursements des Bonds de Trésor Assimilables à court terme). Ce qui porte le cumul dudit service à 218,7 milliards de FCFA, dont 175,5 milliards de FCFA versés aux créanciers extérieurs.
3. Tirages sur ressources d’emprunts
Les ressources d’emprunts mobilisées au cours des cinq premiers mois de l’année 2020 ont porté sur 714 milliards de FCFA, dont 143 milliards de FCFA décaissés en mai 2020, principalement constitués des titres publics émis sur le marché domestique, soit 133 milliards de FCFA.
Disbursements from external borrowing resources made during the month of May 2019, assessed on the basis of information extracted from the Public Debt Management System (CS-DMRS) on 20 June 2019, are estimated at approximately CFAF 250.4 billion, including CFAF 94.4 billion from external financing and CFAF 156 billion from the domestic market, bringing the total cumulative amount of disbursements recorded in 2019 to CFAF 688.5 billion.
1. Disbursements from external financing
In May 2019, the external resource drawdowns recorded in the CS-DRMS as at 20 June 2019 were estimated at CFAF 94.4 billion. These disbursements are mainly drawn from bilateral partners (47.5%). Multilateral donors contributed 23.4% of these disbursements while commercial creditors accounted for 29.1%. These disbursements recorded a 90.4% monthly increase and a 31.7% year-on-year increase. In terms of cumulation as at 31 May 2019, external disbursements recorded since the beginning of the year are estimated at CFAF 330.7 billion.
1.1. Disbursements by lessor
With regard to the distribution by lessor, disbursements came mainly from Eximbank China, which resumed on 31 May, and disbursements to Cameroon, amounting to CFAF 42 billion, or 94% of bilateral drawdowns, for Phase 2 of the National Broadband Network project. France disbursed CFAF 2.6 billion, or 6% of bilateral drawdowns. With regard to multilateral funds disbursed amounting to CFAF 22.08 billion, the World Bank contributed approximately CFAF 8.6 billion, or 39% of multilateral disbursements, the AfDB CFAF 4.9 billion, or 22%, and the IDB CFAF 4.5 billion, or 21%.
The table below shows the breakdown and monthly evolution of drawdowns by lessor.
Table: Disbursements on external loans by lessor
Source : CAA
1.2. Concessionality disbursements
During the month of May 2019, disbursements are estimated at CFAF 94.4 billion. These disbursements mainly concerned non-concessional resources (78.6%), i.e. CFAF 64.4 billion, compared to CFAF 17.6 billion in disbursements from concessional resources (21.4%).
In terms of evolution, compared to the previous months, disbursements on both concessional and non-concessional loans increased by 109.6% and 200.9% respectively. Concessional disbursements, on the other hand, experienced an annual shift of 197.9%, compared to a 2.1% decrease in drawdowns on non-concessional resources.
As a reminder, the IMF determines the concessionality of a loan from its "grant element", which is defined as the difference between the nominal value of the loan and the sum of the present value of future debt service payments to be made by the borrower (using a discount rate of 5%). According to this methodology and the Fund's concessionality requirements, the concessionality threshold (grant element) is set at 35%. The table below summarizes this evolution.
Table: Disbursements by type of concessionality
Source : CAA
2. Disbursements on domestic financing
At the domestic level, the mobilization of borrowing resources amounted to CFAF 156.0 billion, driven by issues of BTAs worth CFAF 10.0 billion and OTAs worth CFAF 121 billion raised on the BEAC securities market. In addition, the State disbursed CFAF 25 billion on the facility granted by ECOBANK Cameroon on April 4, 2019, as part of the additional financing of the PLANUT project, which replaces the BGFI loan, the availability deadline that has not been extended.
Thus, the cumulative amount of resources mobilized on the domestic market since the beginning of 2019 amounts to CFAF 357.8 billion.
The table below shows the monthly evolution of these disbursements.
Table: Disbursements on domestic loans
Source : CAA
|REVIEW PERIOD||JUIN 2019|
|PROJECT NAME||CM-P3 – Transport facilitation program for Bamenda – Mamfé - Ekok|
|SOURCE FUNDING (LENDER)|
|PROGRESS REPORT AND EXECUTION RATE /||
problème sécuritaires dans la zone du projet ayant fortement impacté l’exécution et la finalisation du projet
Source: Caisse Autonome d'Amortissement.
Le Directeur Général de la CAA a le plaisir de mettre à votre disposition l'avis de consultation ouverte (AAO) pour la demande de cotation N° 12114/DC/CAA/CIPM/2020 du 19 août 2020 relative à l'acquisition du matériel informatique à la Caisse Autonome d'Amortissement
Communiqué portant connaissance des adhérents, des investisseurs et du public sur la codification et l'inscription en compte des émissions des sociétés anonymes.
- 15 October 2020 - 16 October 2020
- Salle de Conférences de la CAA - Yaoundé CAMEROUN
- Boulevard du 20 Mai