Far from being a mere accounting formality, this sovereign act grants the State’s treasurer the keys to a 1,489 billion FCFA vault. Between domestic loans and international solicitations, Yaoundé is preparing to inject new life into the veins of its development projects, while cleaning up State liabilities to ensure irreproachable fluidity in public spending during this pivotal year.

The architecture of this 1,489 billion FCFA envelope is based on a rigorous segmentation dictated by the imperatives of monetary stability. The presidential decree authorizes the use of domestic loans amounting to 400 billion FCFA, primarily through the issuance of public securities on the BEAC market, where Cameroon’s signature remains a safe haven for Central African investors. Added to this is a line of 250 billion FCFA specifically earmarked for the settlement of "outstanding payments," a financial health measure intended to satisfy State contractors and boost local consumption. The bulk of the contingent, a ceiling of 1,000 billion FCFA, is reserved for external loans, opening the door to multilateral donors and international capital markets to support the infrastructure of the SND30.

In 2026, this debt strategy steered by Louis Paul Motazé is part of an active debt management logic. It is not only about raising funds but about optimizing the country's repayment profile. The resources captured will serve as fuel for energy and road projects while ensuring scrupulous compliance with the country's commitments to its development partners. By signing this decree just days after the start of the year, the Head of State provides total visibility to the Treasury, allowing for the anticipation of fundraising before any tightening of global interest rates. For the markets, the signal is clear: the Cameroon of 2026 possesses the means for its ambitions and a proven method for transforming borrowing into a powerful vector of economic sovereignty.

CK