Cameroon’s CDEC to Step Up Fund Recovery in 2027, Targets CFA525 Billion by 2028

Cameroon's Deposits and Consignments Fund (CDEC) intends to step up efforts in 2027 to recover funds held by financial institutions and other organizations that it says are required to transfer them. The initiative, announced at a press luncheon in Yaoundé on October 30, 2026, is part of a strategy to increase the institution's stock of resources to CFA525 billion by the end of 2028. After several years of negotiations with institutions holding these funds, CDEC intends to tighten its oversight and pursue legal action when efforts to reach amicable settlements fail. "In 2027, our focus will be on mobilizing funds.…

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