Intending to diversify its sources of financing, to attract more regional investors and to reduce its dependence on foreign markets, Cameroon seeks its credibility on debt market.

The Ivorian Bloomfield Rating Agency Investment Corporation was requested by the Cameroonian government which plans to obtain a sovereign currency rating for the first time local (CFA franc). This approach is part of the will of the authorities to strengthen the country's credibility in the regional debt market and diversify its sources of financing.

This initiative meets several objectives strategic according to the person in charge of financial operations at the Directorate General of the Treasury, Financial and Monetary Cooperation, Kelly Mua Kingsley. According to the latter, “it reflects a desire of Cameroon to focus more on 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 authorities, this Rating will also make it possible to “better reflect economic reality and financial situation in the country, while promoting a better understanding of risks linked to investment in Cameroon.” The use of Bloomfield, already active in several countries in the franc zone, is explained by its proximity methodological and its ability to integrate economic specificities regionals.