31, August 2016
Cameroon: Finance Minister happy with debt situation and a political budget 0
Cameroon at the end of July this year had a debt situation of 4,754 billion FCFA, representing 27.3 per cent Gross Domestic Product, far below the 70 per cent ceiling set by the Central African Economic and Monetary Community, CEMAC, sub-region. This satisfactory situation will be maintained in the long-run if stakeholders continue to upgrade skills on mobilizing resources for the State properly and in a more disciplined manner.
The Minister of Finance, Alamine Ousmane Mey, however says there is need to remain cautious when analyzing the figures, given the implementation of projects for transforming the country into a middle income economy by 2035 as planned by the Head of State. The Minister made the disclosure in Yaounde yesterday August 30, at a ceremony to present the texts, missions and working procedures of the National Committee in charge of Public Debt, (NCPD). It was set up in 2008 by the Prime Minister to coordinate and follow-up the implementation of the national public indebtedness and public debt management policy with focus on developing objectives for State financial resources.
The Minister, who is also NCPD Chairperson, said government was committed to righting the wrongs of the past with the Heavily Indebted Poor Country Initiative (HIPC) of the early 2000 that led to the freezing of the country’s debts by partners. Making sure that the country was on the right path to “borrowing cautiously and spending wisely,” with focus on enabling future generations to repay debts normally, was primordial, Finance Minister stated. “We have to be careful in the conception, evaluation and mobilisation of resources to develop the country”, he said, stressing that NCPD members must know the position of the country’s debt policy where; “If we are not watchful enough while looking for resources to finance our development projects, we may end up in a situation where sustainability is not ensured.” Public debt concerns countries all over the world because of the risks involved. The one-day dialogue was part of efforts to maintain Cameroon’s possibility of mobilizing resources for development. Cameroon therefore needs to maintain the quality of its signature in the financial market as well as with its donors so as to mobilize enough resources for development.
Cameroon Tribune




















31, August 2016
Indomitable Lions: Hugo Broos says there are no big guns in the squad 0
The coach of the Indomitable Lions, Hugo Broos has said there are no big guns in the squad meaning there are no players who should be called up every time. He made the declaration in a press conference at the CAF Excellence Centre in Mbankomo where the Lions are currently training in view of the upcoming encounters against The Gambia and Gabon on September 3rd and 6th respectively. “I am counting on a nucleus of 30 players to grow together,” he said asserting that performance is the only criteria for selection.
He said he is trying to inject fresh blood into the squad due to the fact that most of the players of the national team are above thirty years. “For the 2017 AFCON there is no problem but for the 2018 World Cup in Russia, some of the players will be too old and might not even still be with us, hence the need to rejuvenate the squad”, he added. He said the matches against the Gambia and Gabon will enable him to determine the real mettle of the players especially the local ones as the poor pitches on which they play do not enable to show the full measure of their talents.
Commenting on the absences in the squad, the coach said Choupo Moting sustained an injury and will not be available for the two games while Clinton Njie was still suffering from indecision owing to his transfer saga. Allan Nyom also declared his forfeiture pending clarifications as to what club he would play for. Tony Tchani had a problem with the passport but will be coming today.
Also present at the press conference were Benjamin Moukandjo and the newcomer, Ndip Tambe. Moukandjo said he was happy defending the national colours after a long absence due to injury. Meanwhile Tambe said is coming to the national selection was a like a dream come true and that he was going to work harder so as to cement his place in the team. The press conference was preceded by a training session during which the Lions worked essentially on the offensive tactics.
Cameroon Tribune