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He was posthumously decorated on April 22, 2023 by the Secretary General of the CPDM Central Committee, Jean Nkuete on behalf of the Head of State

(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 ex...

(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 prote...

(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 d...

(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 sink...