Cameroon obtained XAF675.3 bln debt remissions within 15 years under the C2D contracts (MINFI)

Business in Cameroon | From June 22, 2006, when the first Debt Reduction-Development Contract (C2D) was signed with France, to date, Cameroon has obtained debt remissions estimated at XAF695.5 billion. This was revealed by Finance Minister Louis Paul Motazé, on March 16, 2021, in Yaoundé during the 14th session of the C2D Steering and Monitoring Committee.

Thanks to these remissions under the C2D, Cameroon was able to fund programs and projects to the tune of XAF675.3 billion, official sources explain.

“The funds facilitated the implementation of programs and projects in focus areas such as agriculture and rural development, infrastructure and urban development, sectoral budgetary support, governance, and capacity building, etc.,” Minister Motazé said.

According to the official, by the end of the third C2D (signed in 2016) in 2025, Cameroon would have obtained XAF967.4 billion of debt remissions from France. It will therefore be the largest beneficiary of this initiative aimed at supporting fragile economies.

Check Also

BNL introduces Biafran pounds, warns Cameroon govt

Daily Post Nigeria | Biafra Nations League, BNL, says it has introduced the Biafran pounds …

2 comments

  1. **** SCAM EXPOSED ****

    Des ex-combattants séparatistes crient de nouveau leur ras-le-bol à Buea (Sud-Ouest).

    Ils protestent contre leurs mauvaises conditions de vie et le séjour de plus en plus long dans ce centre de réinsertion. «Le gouvernement nous a promis une insertion de six à sept mois avec possibilité de trouver du travail. Mais depuis deux ans, nous sommes toujours là sans perspectives».

    ** MY TAKE **

    Trust Dictator Biya at your own peril.
    It is now evident to all and sundry that the so-called commission on disarmament is anotherscam to deceive the international community.

    THE UNWINNABLE, UNSTOPPABLE, UNCONTROLLABLE and UNSUSTAINABLE WAR CONTINUES…….

  2. “The funds facilitated the implementation of programs and projects in focus areas such as agriculture and rural development, infrastructure and urban development, sectoral budgetary support, governance, and capacity building, etc.,” Minister Motazé said. charade of deceit,imaginary development within the dictatorship frencg caeroon regime,there is no visible development as named by the above coconut heads Minister Motazé,those giving embezellement loans should visit all cameroon regions, see primitive living conditions then assess how all loans were spent in the majority of private pockets of the cpdm regime, holding the entire country into a shithole banana republic