IMF Staff Country Reports

Cameroon: Background Papers and Statistical Appendix

Publication Date:

January 23, 1995

Summary:

This paper describes economic and financial developments in Cameroon during the 1990s. Cameroon’s economic and financial situation continued to deteriorate at a rapid pace in 1993/94. Real GDP growth was negative for the seventh year in a row, and the country’s real per capita GDP declined by a cumulative 45 percent from the peak it had reached in 1985/86. Moreover, the external current account and fiscal deficits remained unsustainably large. With the devaluation of the CFA franc in early 1994, the environment for economic activity changed drastically.

Series:

Country Report No. 1995/005

Subject:

Agricultural commodities Commodities Exchange rates Exports External debt Foreign exchange Imports International trade

Notes:

These background papers and statistical appendix on Cameroon were prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with this member country. In releasing this document for public use, confidential material may have been removed at the request of the member.