Major Projects - FCFA 300 Billion Expected From Capital Market
By Victorine Biy Nfor
President Paul Biya has ordered the sourcing of funding for some projects in the 2016 Finance Law.
The government of Cameroon is expected to mobilise FCFA 300 billion from the capital market in 2016. The decree signed on March 1, 2016, gives the Minister of Finance the leeway to go in for additional funds for financing some public investment projects earmarked for execution in the 2016 financial year.
Information from the Ministry of Finance reveals that the process will definitely be finalised by the end of the month. The treasury bills will be sourced from the Bank of Central African States, public stock market and the Douala Stock Exchange. The calendar for the first and second quarters of the year was already published by BEAC, but it will be finalised following the Presidential Decree which authorises for long-term (one year) treasury bonds), sources at the Ministry explained.