The Settlement and Retention Unit Securities (CRCT) of the BEAC indicated that the stock of public securities issued by the CEMAC countries — Cameroon, Congo, Congo, Gabon, Gabon, Gabon, Equatorial Guinea, Chad and Central African Republic on the Bank of African States market power plant (BEAC) at the end of July 2025, reached 9,086.6 billion FCFA, an increase of 31.1% year-on-year.

This increase comes in a context marked by the increase in the costs of borrowing requested by States through these emissions. Over the period, the average rate of assimilable treasury bills (BTA), short-term instruments used to cover the specific needs of cash flow, grew from 6.52% to 6.92% over one year. The same trend is observed for comparable Treasury bonds (OTAs), intended for the financing of medium and long-term projects, including remuneration of investors reached 9.48% at the end of July 2025, compared to 9.06% a year earlier.

The continued increase in the stock of securities public authorities in the Cemac zone reflects the growing need for financing of states. Banks specializing in Treasury securities (SVT) intervene to satisfy this demand, seduced by attractive rates and a mechanism of secure reimbursement set up by the BEAC.

The BEAC warned in its last monetary policy report, published in September 2025, “this Continued rise in net claims on governments calls for vigilance increased risk of eviction from the private sector and overexposure of banking system at sovereign risk”.