For the first time, the Cameroonian government asked the Ivorian credit rating agency Bloomfield Investment Corporation in order to obtain a sovereign rating in local currency (CFA franc).

The approach of the Government of Cameroon is part in the desire of the authorities to strengthen the country's credibility on the market regional debt and to diversify its sources of financing. This initiative meets several strategic objectives according to Kelly Mua Kingsley, responsible for financial operations at the Directorate-General of the Treasury, of Financial and monetary cooperation. According to him, “she is translating a Cameroon's desire to turn more towards the regional financial market. By developing its local currency rating, the country can attract regional investments, strengthen its economic ties with its neighbors and diversify its sources of financing.”

For the authorities, this rating will allow “better reflect the economic and financial reality of the country, while promoting a better understanding of the risks associated with investing in Cameroon.”

This initiative comes at a key time for public finances. Cameroon is preparing to honor the deadline of its eurobond of 750 million dollars issued in 2015, listed on the Dublin Stock Exchange and matched with an interest rate of 9.50%, which expires on November 19, 2025.