Cameroon CEMAC Treasury Debt: CFA2 Trillion Mark Exceeded by July 2026

• Cameroon's outstanding CEMAC treasury debt surpassed CFA2 trillion by the end of July 2026, reaching CFA2.061 trillion.
• This represents a 4.1% annual growth from CFA1.981 trillion in July 2025, a significant slowdown from prior years.
• Cameroon holds the third-largest stock of government securities in the CEMAC market, accounting for 19.5% of the total CFA10.561 trillion.
• Previous growth rates were much higher, with increases of 23.7% (CFA293 billion) from July 2023-2024 and 29.6% (CFA452.2 billion) from July 2024-2025.
• BEAC statistics indicate Gabon leads the regional market with CFA3.424 trillion, followed by Congo with CFA3.041 trillion.

The pronounced deceleration in the growth of Cameroon's treasury securities is a critical development for stakeholders monitoring the nation's fiscal health.

Cameroon's outstanding treasury securities within the CEMAC public debt market reached a significant milestone, exceeding CFA2 trillion by the end of July 2026. Specifically, the total stock stood at CFA2.061 trillion as of July 31, according to recent monthly statistics released by the Bank of Central African States (BEAC). This figure represents an increase of CFA80.4 billion, or 4.1%, compared to the CFA1.981 trillion recorded a year prior, in July 2025.

Despite this continued growth in Cameroon CEMAC treasury debt, the annual expansion rate has experienced a marked slowdown. The 4.1% increase between July 2025 and July 2026 is considerably lower than the robust growth observed in the two preceding years, signaling a shift in the dynamics of the nation's public finance landscape.

Within the broader CEMAC public debt market, Cameroon holds a notable position as the third-largest issuer of government securities. The total volume of government securities outstanding across all six CEMAC member countries amounted to CFA10.561 trillion. Of this regional aggregate, Cameroon's CFA2 trillion Cameroon debt accounts for 19.5%.

Gabon currently leads the regional market with the largest stock of outstanding government securities, totaling CFA3.424 trillion. Following Gabon, Congo occupies the second position, with its outstanding securities reaching CFA3.041 trillion. These comparative figures, derived from BEAC statistics Cameroon debt data, provide context for Cameroon's financial standing within the economic bloc.

The pronounced deceleration in the growth of Cameroon's treasury securities is a critical development for stakeholders monitoring the nation's fiscal health. The current 4.1% annual growth rate between July 2025 and July 2026 represents a sharp contrast to the much faster increases seen in previous periods. For instance, the period from July 2023 to July 2024 witnessed an increase of CFA293 billion, or 23.7%.

This trend of Cameroon treasury securities growth slowdown became even more pronounced between July 2024 and July 2025, when the outstanding securities surged by CFA452.2 billion, representing a substantial 29.6% rise. The recent drop to 4.1% suggests evolving market conditions or policy shifts that could have significant implications for sovereign risk and fiscal stability, making these BEAC statistics Cameroon debt figures essential for legal and financial professionals advising on public finance, investment, or government contracts in the region.

Legal professionals advising on public finance, investment, or government contracts in Cameroon should note the slowing growth in CEMAC treasury debt as an indicator of evolving sovereign risk and fiscal stability, potentially impacting client investment strategies or contractual obligations.

Source: Original reporting via Business in Cameroon