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cameroon economic update

The effects of the Euro zone crisis on the CFA franc zone: a View from Cameroon

Raju Jan Singh's picture

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As the sovereign debt crisis is unfolding, many are wondering what could be its effects on the economies of the CFA franc zone, a part of Africa with close relations with Europe, especially France. In the case of Cameroon, the Euro zone still represents the main market for the country’s exports and hosts the largest community of Cameroonians abroad.

Cameroon: Towards better service delivery

Raju Jan Singh's picture

The quality of service delivery is fundamental for people's wellbeing, especially for the poor. This is why the situation in Cameroon is worrisome.

Indicators for service delivery in Cameroon tend to trail behind those observed in countries at similar income levels; and for indicators such as primary school completion or child mortality, the country does even worse than the average for Sub-Saharan Africa.

Cameroon: Time for the Lion to Wake up?

Raju Jan Singh's picture

Cameroon’s GDP growth in 2010 is estimated to have reached 3 percent on the back of stronger non-oil activities, which expanded by about 4 percent (particularly food crops, forestry, construction, transport, and telecoms).  This growth, however, remains too slow to reduce poverty in a sustainable manner. On its current trajectory, Cameroon is not likely to meet most Millennium Development Goals.

Yet, Cameroon is endowed with oil, high value timber, and agricultural products (coffee, cotton, cocoa). Untapped resources include natural gas, bauxite, diamonds, gold, iron, and cobalt. Why isn’t it growing faster?

As explained in the latest Cameroon Economic Update, the answer is that poor infrastructure, an unfavorable business environment, and weak governance hamper economic activity in Cameroon.