BANKRUPT CAMEROON
The genocidal war imposed on the people of Southern Cameroons, also known as Ambazonia, by the nonagenarian Bulu Beti genocidal leader, Paul Biya Bi Mvondo, has ruined Cameroon’s economy, pushing the country to near bankruptcy.
Almost all of the country’s resources are being allocated to the war in Ambazonia. Still, the Ambazonian fighters, more determined than ever, continue to modernize their weapons and have the upper hand over the Cameroonian army, which they rightly consider, historically and legally, as an army of annexation or colonial occupation of their country, Southern Cameroons, also known as Ambazonia.
– Tax authorities are not paying,
– Revenue authorities are not paying,
– General treasuries,
– Specialized general payrolls for the various ministries are not being paid.
– Domestic debt is not being paid,
– External debt is being paid late and with great difficulty,
– Projects are being abandoned due to a lack of funds to complete them,
– Infrastructure is in a state of disrepair,
– Public debt stands at 14 trillion CFA francs, and the state continues to borrow endlessly,
– Public enterprises are no longer able to pay contractors’ bills and are having great difficulty paying salaries.
Soon, Cameroon will be in a situation of suspension of payments and will therefore officially be a bankrupt state.
SOLUTION: End the war in Ambazonia and let Ambazonia go, as Ethiopia did with Eritrea, whose war of liberation had pushed Ethiopia to bankruptcy.
Today, Ethiopia has returned to growth and has emerged as a significant economic powerhouse in Africa.
