In Bangkok, Cameroon calls for lower-cost financing for developing countries

In Bangkok on October 17, Cameroon’s Finance Minister Louis-Paul Motaze called before the International Monetary and Financial Committee for greater access to concessional financing and stronger support from international financial institutions. Speaking on behalf of several African countries, he warned that domestic efforts alone cannot close widening financing gaps. He said mobilizing domestic resources, improving debt management and developing local financial markets remain necessary but are not enough on their own. UNCTAD reported that developing economies’ external debt service reached $1.6 trillion in 2025.