More Signs Of A Slowdown

Ratings agency Fitch confirmed Cameroon's long-term foreign currency issuer default rating at B with a stable outlook. Weak governance was cited as a major drag on the rating, with Eric Paget-Blanc, senior director at Fitch's sovereign ratings saying 'the country's low investment rate and insufficient absorption capacity are mostly attributable to weak public governance. The government's efforts to fight corruption have not been effective, and the poor business climate is one of the main causes of sluggish bank lending and slow growth.'

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