Cameroon: Selected Issues

IMF Staff Country Reports, February 20, 2024

Source details

Canonical URL

Cameroon: Selected Issues

Other formats

• Markdown version
• Structured JSON version
• Bundle manifest

Bibliographic details

• Published: February 20, 2024
• Series: IMF Staff Country Reports
• DOI: https://doi.org/10.5089/9798400268243.002

Analysis

• This Selected Issues paper analyzes structural transformation and export diversification in Cameroon.
• Cameroonian authorities aim for the structural transformation of the economy and export diversification because of their well-known benefits.
• Structural transformation and export diversification reinforce each other.
• They intend to achieve this objective through import substitution policy.
• Empirical literature points out those horizontal policies, such as investments in human capital and infrastructure and governance improvement, are not only the most effective to foster structural transformation and export diversification, but also a necessary condition for the success of any industrial policy.

Key findings

• Despite a longstanding objective of the country to industrialize, its manufacturing has been persistently sluggish.
• Exports were concentrated in minerals, fuel, and raw commodities in less diversified destinations outside Africa.
• The country’s related performance has substantial deficits.

Policy recommendations

• It is advisable that the authorities concentrate efforts on investments in human capital, infrastructure, and governance improvement as a priority because the country’s related performance has substantial deficits.
• Prioritize horizontal policies as they are both the most effective to foster structural transformation and export diversification and a necessary condition for the success of any industrial policy.

Thematic keywords and subjects

• Subject: Climate change, Economic growth, Environment, Export diversification, Exports, International organization, International trade, Monetary policy, Structural transformation
• Keywords: Climate change, export concentration, export destination, Export diversification, export structure, Exports, Global, mitigation financing, Policy recommendation, Structural transformation, Sub-Saharan Africa

International Monetary Fund. African Dept. "Cameroon: Selected Issues".

Content in this bundle

• Cameroon: Selected Issues; IMF Country Report No. 24/52; December 7, 2023
  • Cameroon: Selected Issues; IMF Country Report No. 24/52; December 7, 2023 (Markdown version)
  • Cameroon: Selected Issues; IMF Country Report No. 24/52; December 7, 2023 (PDF)