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 d...
Source: businessincameroon.com