CEMAC: CFA franc and China are key factors to attract infrastructure investments, says Moody's

(Business in Cameroon) – China and the fixed party between CFA Franc and the Euro are key elements to attract private investors for infrastructure projects in the CEMAC region. The analysis is presented by U.S. rating agency Moody's in a recent document. "CEMAC member countries belong to the Franc zone that applies a fixed parity between the CFAF and the euro. This helps them reduce external vulnerabilities and absorb the shocks created by their high exposure to extractive industries by keeping inflation below 3 per cent. The stability of the currency is also likely to reduce investor concerns. In the…