Cameroon http://www.alacrastore.com/country-snapshot/Cameroon Saturday, October 11, 2008 3:09:21 AM en AlacraStore RSS Builder 1.0 30 http://www.alacrastore.com/storecontent/spcred/641576spcred/641576normThe latest Summary from S&P4/8/2008 10:34:02 AMSummary175global641576CameroonEmerging MarketsEurope, Middle East, AfricaGlobal IssuersSovereignsSummaryThe ratings on Cameroon are constrained primarily by rising political risks associated with the uncertainties surrounding the 2011 presidential elections and the possible succession to longstanding President Paul Biya. These uncertainties could halt the economic reform process or jeopardize the country's domestic stability and fiscal sustainability. The dependence of Cameroon's public finances on oil revenues is also a constraint on the ratings, with oil production currently expected to decline in the medium term. Oil revenues alone represented about 32% of total budget revenues in 2007. Growth has remained lackluster, notably as a result of smaller oil production and lower-than-planned public investment, particularly due to inefficiencies in policy execution. In 2007, real GDP growth was estimated at 3.6%, and is expectedCMRCameroon (Republic of)373904EMERGINGEUROMIDAFR32675ZSUMMARYGLOBISSSOVCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/641406spcred/641406normThe latest Full Report from S&P4/7/2008 3:47:26 PMFull Report400global641406CameroonEmerging MarketsEurope, Middle East, AfricaGlobal IssuersSovereignsFull ReportLow debt level following the Heavily Indebted Poor Countries initiative (HIPC) and Multilateral Debt Relief Initiative (MDRI), and early repayment on domestic debt A concentrated effort to improve debt management Membership of the CEMAC (Communeauté Economique et Monétaire d'Afrique Centrale) zone, which provides relative monetary and exchange rate stability Dependence of government finances on declining oil revenues Moderate level of development, despite natural resource wealth Political uncertainties related to potential presidential succession The ratings on Cameroon are constrained primarily by rising political risks associated with the uncertainties surrounding the 2011 presidential elections and the possible succession to longstanding President Paul Biya. These uncertainties could halt the economic reform process or jeopardize the country's domestic stability and fiscal sustainability. The dependenceCMRCameroon (Republic of)373904EMERGINGEUROMIDAFR32675ZFULLGLOBISSSOVCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/635972spcred/635972normThe latest Summary from S&P3/17/2008 3:42:40 PMSummary175global635972CameroonEmerging MarketsEurope, Middle East, AfricaGlobal IssuersSovereignsSummaryStandard&Poor's Ratings Services has affirmed its 'B' long- and short-term foreign and local currency sovereign credit ratings on the Republic of Cameroon. The outlook is stable. The ratings on Cameroon are primarily constrained by rising political risks associated with the uncertainties surrounding the 2011 presidential elections and the possible succession to longstanding President Paul Biya. These uncertainties could halt the economic reform process or jeopardize the country's domestic stability and fiscal sustainability. The dependence of Cameroon's public finances on oil revenues is also a constraint on the ratings, with oil production currently expected to decline in the medium term. Oil revenues alone represented about 32% of total budget revenues in 2007. Growth has remained lacklustre, notably as aCMRCameroon (Republic of)373904EMERGINGEUROMIDAFR32675ZSUMMARYGLOBISSSOVCredit & Investment ResearchS&P Credit Research