Cameroon postpones its $333.2mln bond issue to 2024 amid rating worries and IMF support

Cameroon has postponed its $333.2 million international bond issuance until 2024, as revealed by Fitch Ratings in its latest creditworthiness analysis. This decision aligns with a proactive debt management strategy, responding to negative assessments by rating agencies and the commitments made by the International Monetary Fund (IMF). Fitch Ratings’ recent analysis on Cameroon’s solvency suggests that the Central African country has deferred its plan to issue $333.2 million (FCFA200 billion) in international bonds (Eurobonds) to 2024. The information indicates a cautious approach in managing both international and domestic debt. While no official comments have been made by government officials or…