The Cameroonian Head of State, Paul Biya, has just signed a decree empowering the Minister of Economy, Alamine Ousmane Mey, to sign a credit agreement in the amount of 54.1 billion FCFA with the International Association (IDA), one of the windows of the World Bank. This new loan from the World Bank aims to finance the country's development policies.

This new loan will contribute to increasing Cameroon's outstanding debt with the World Bank, a financial backer which is already the largest provider of financing in Cameroon at the multilateral level. Indeed, according to the Autonomous Sinking Fund (CAA), the country's public debt manager, the overall outstanding balance of Cameroon's external debt at the end of March 2021 "is mainly composed of 37.5% of debt contracted with from the IDA and IBRD windows of the World Bank (against 30% of the debt contracted with the AfDB, editor’s note), i.e. 1,054.9 billion FCFA”.