580bn CFA F of additional gov't securities for 2015 budget

President Paul Biya, has empowered the Government to resort to programs of Government securities, including the obligations of Treasury Board, for the purpose of financing development projects for a maximum of 900 billion CFA FRANCS for the year 2015.

This provision amends the law of finances for the current year which set the programme of public securities at 320 billion CFA FRANCS.

Obviously, these are the cash-flow problems induced by the fall in the price of oil on the international market, and also the security challenges stemming from the fight against the Nigerian Islamist sect Boko Haram, which led the president of the Republic to revise the forecast of State revenues and to call upon the public savings.