Cameroon seeks $1.7 billion in fresh borrowing to cover fiscal gap

• President Biya authorises $1.7 billion borrowing from domestic and international lenders
• IMF warns Cameroon is at “high risk of debt distress”

YAOUNDÉ, CAMEROON – Cameroon will borrow up to $1.674 billion from both domestic and international markets to cover a widening fiscal deficit, President Paul Biya announced, as the country battles mounting debt challenges.