Cameroon on track for economic reforms
After a two-week mission to Yaoundé, the multilateral surveillance mission of CEMAC (Economic and Monetary Community of Central Africa) appreciates the resilience of Cameroon's economy: the deficit has been reduced, budget balance improved reference, etc. However, CEMAC experts note the country's delay in implementing major projects (Port of Kribi, hydroelectric dams, highways, etc.), the low consumption of credits allocated to PLANUT ( Triennial Emergency Plan), and that the country has only met two criteria of economic convergence (inflation, indebtedness).
|
|
2009 |
2010 |
2011 |
2012 |
2013 |
2014 |
2015 |
2016 |
2017 |
2018 |
2019 |
|
PIB |
2 |
|
|
|
|
5,9 |
5,8 |
4,5 |
3,7 |
4 |
4,5 |
Key figures
• 2.4% of GDP in 2018 (compared to 4.1% of budget deficit GDP in 2017 and 6.3% of GDP in 2016);
• 4.7% decrease in total budget spending in 2017 driven by: 14% decrease in expenditure on goods and services, 30% transfers and subsidies, 55% investment on internal resources
• CFAF 625.4 billion in non-concessional borrowing disbursements (against IMF ceiling of 540 billion);
• -2.2% of budget balance GDP in 2018 (compared to -3.4% of GDP in 2017).
