The Fitch Ratings rating agency has confirmed Cameroon's long-term issuer default (IDR) rating in foreign currencies to “B” with a negative outlook.

Cameroon's IDR “B” reflects a relatively diversified economy at the regional level, resilient GDP growth, a fiscal deficit and moderate levels of debt of the public administration compared to its peers, and a timetable for failure manageable anchors. The rating is limited by poor public finance management (PFM), low GDP per capita, weak governance indicators, persistent security issues, and downside risks to fiscal consolidation

Cameroon continues to demonstrate a weakness in debt management capacity. It temporarily accumulated a moderate amount of external arrears to the European Investment Bank style="font-family: "Bookman Old Style”, "serif">in August and September 2023 , before all external arrears were paid off within a few