The 2011 finance law provides for a public placement bond issue of FCFA 150 billion as one of the sources of the state financial budget fixed of FCFA 2,571 billion. Cameroonians and foreign investors have been waiting for the launch which comes on the heels of the maiden December 2010 public placement bond issue, “ECMR 5,6% net 2010-2015” wherein the State of Cameroon raised FCFA 200 billion in the national financial market in two weeks.

In this regard, the Head of the Treasury Division at the Directorate General of Treasury, Financial and Monetary Cooperation in the Ministry of Finance, Leonard Djongue Kobou has, in an interview granted Cameroon Tribune, reassured that preparations are ongoing for the launch of the said public placement bond issue this year. “We are presently finalising the related administrative formalities and information gathering needed to prepare the draft preliminary information note that will inform the public at the right time on the characteristics of the said bond issue,” he said. Proceeds from the bond issue will be used to provide counterpart funding for key development projects in water and energy, port infrastructure, mining, telecommunications, roads and engineering as well as agriculture.