Cameroon: Background Papers and Statistical Appendix

International Monetary Fund

No 1995/005, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; rate; Union Douanière des Etats d'Afrique Centrale; UDEAC preferential tax regime; f.o.b. value of imports; UDEAC treaty; UDEAC tax; UDEAC country; exchange rate expectation; merchandise import; UDEAC Customs tariff; interest rate differential; UDEAC reform; Imports; Exports; Agricultural commodities; Exchange rates (search for similar items in EconPapers)
Pages: 94
Date: 1995-01-23
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