Cameroon – Debts: Cameroon among the 10 most indebted countries in Africa

Posted by: Martin Tumasang


[cameroon_politics] Cameroon – Debts: Cameroon among the 10 most
indebted countries in Africa Boîte de réception

Activer le suivi Martin Tumasang tumasangm@hotmail.com [cameroon_politics]
With 5,722 billion FCFA, Cameroon ranks 10th of the sub-Saharan
countries in 2016.

This is a ranking published by the World Bank and the IMF that reveals
the charts of the most indebted African countries in 2016. In this
list, Cameroon occupies the 10th position of the 42 ranked. According
to The Herald on newsstands this Monday, May 23, 2016, after having
scrutinized the rankings, it shows that Cameroon is the first
francophone country. In other words, Cameroon is the most indebted
country in sub-Saharan Africa. The amount of public debt is estimated
at 5722 billion FCFA.

A ranking not really surprising, especially as the IMF Managing
Director, Christine Lagarde, warned the government about the country's
debt. The Director of the IMF then recommended to apply a rigorous
discipline in income and expenditure.

Furthermore, for the rest, South Africa is without doubt the most
indebted African country. The newspaper said its debt stood at over
103 billion FCFA. Far ahead of that of Angola, which is nevertheless
the most indebted sub-Saharan country with over 27 billion CFA francs.
Nigeria, economic powerhouse of Africa, registered a debt of about 17
billion FCFA.
Also, the ten least indebted African countries starting from the 42nd
rank are theComoros, the Central African Republic, Guinea-Bissau,
Swaziland, Burundi, Liberia, Gambia, Lesotho, Eritrea and Cape Verde,
details the daily.

However, according to the ranking of the most indebted sub-Saharan
countries in proportion to their GDP, positions have changed from the
previous ranking. In this case, Cameroon occupies the 32nd place of 45
countries, with an estimated public debt at 38% of GDP.

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Posted by: Martin Tumasang <tumasangm@hotmail.com>

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