In 2013, Cameroon paid-out 1.8 billion FCfa in interest to Treasury Bills subscribers

According to a report on fundraising activity on the BEAC securities market carried out by the Directorate General of the Ministry of Finance’s Treasury (DGTC) “The interest on assimilatable Treasury bills in 2013 was 1.8 billion FCfa and corresponds to an average cost of 2%.”

The report also indicates that, during that same period, the Cameroonian Treasury was able to reimburse a total of 80 billion FCfa to its creditors on the BEAC securities market.

In total, states the DGTC, 16 auctions were held and enabled 149.5 billion FCfa to be raised, of which 126 billion FCfa were assimilatable Treasury bills while 23.5 billion FCfa were from assimilatable Treasury bonds with a 2-year maturity.

One must not forget that, during that same year, the government of Cameroon, through the 2ndbond loan in its history, was able to raise 80 billion FCfa in two weeks on the local stock exchange, the Douala Stock Exchange (DSX).