cover image: ECONOMIC AND STRATEGIC POLICY BRIEF #10 - ACT I. THE CASE OF CAMEROON’S BOND ISSUE

ECONOMIC AND STRATEGIC POLICY BRIEF #10 - ACT I. THE CASE OF CAMEROON’S BOND ISSUE

28 May 2024

Definition of some key notions and concepts The act of attributing a value used in this brief : Rating to a financial security during its listing on the market The relevance (of a project) concerns the extent Reference to the financial to which the targets envisaged by the project Alternative channels, processes and adequately meet the problems identified or the Financing instruments that have rea. [...] UDefined as an alternative and innovative financing source (in the case of Cameroon and CEMAC), a bond issue has the peculiarity of bringing fresh The first glaring observation is the recurrence cash-flow in a short period of time for the amount of the flaws and shortcomings of the DNA of requested. [...] Textbox 2: the PLANUT case The other characteristic is the type of the The Three-year Emergency Plan for Accelerating programmed expenditure: out of the 28 Economic Growth (PLANUT) in Cameroon was projects listed, 17 are to be entirely (100%) launched by the President of the Republic, in financed by the EO ECMR 2023; and eleven December 2014. [...] Which begs the open pThis situation has caused concern among the question of effectiveness and relevance (in the government’s technical and financial partners, sense of specificity = the fact of being linked to including the IMF, the “policeman” of public the object). [...] This brings us to the regulatory institutions in charge of manageing issue of governance, which is practically raised EO, the BEAC, and the COSUMAF by all the evaluation reports on Cameroon: CPIA, DB, PEFA, EITIE, Mo Ibrahim, the IMF’s Article 4 Beyond the texts and the “intellectual legalism” reviews, and the publications of sovereign rating that will cling on the sovereignty of States and the ag.
Pages
16
Published in
Cameroon