Cameroon – After Biya: Standard and Poor’s evokes instability that threatens the country

Written by Deckson N.

The US agency of credit rating, Standard and Poor’s (S & P) announced in the early evening on Monday have noted Cameroon with a “B“, including the risk of political and social instability that remains high compared to “the uncertainty surrounding the succession” of Paul Biya, 83-year old, including 34 spent at the head of the state.

S & P expects in Cameroon, a major political and social crisis, linked to the succession of Paul Biya, in power since 1982, “President Paul Biya is expected to remain in power until 2018, when the next presidential election will take place. We believe that a risk of political instability exists, given the lack of democratic transition in terms of experience, “notes the US Agency.

The US credit rating agency also said that the growth of the Cameroonian economy, will average 5.3% over the next three years, from 2016 to 2019.

Cameroon, due to a highly diversified economy has weathered the oil price fall and the astronomical expenses related to the war waged by the country since 2014 against the Islamist organization Boko Haram.

The agency also raised the solvency of Cameroon that remains limited due to the weakness of institutions in Cameroon.

According to S & P, the daily population remains difficult in a context where external debt is growing.

It has gone from 27% in 2015 to over 78% of GDP according to the latest estimates.

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Deckson N.

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