It offers immense investment potential in infrastructure, extractive industries, consumer markets, and modern communication technology (for example, internet broadband, fiber optic cable, and data centers). Cameroon utilized its hosting of the Africa Cup of Nations soccer tournament in early 2022 to hasten the completion of some long-awaited projects and promote Cameroon to investors.Ĭameroon maintains strong competitive advantages because of a bilingual population, a relatively diversified economy, and its location as a gateway to the Central African region. The government continues to implement its 2020-2030 National Development Strategy and development projects, especially in road infrastructure, transport, energy, and health, albeit with delays. Cameroon’s current account balance also improved in 2021 and early 2022. The International Monetary Fund (IMF) projects Cameroon’s gross domestic product (GDP) to increase by 4.6 percent in 2022. Advisory Commission on Public DiplomacyĬameroon, the largest economy in the Central African Economic and Monetary Union (CEMAC), continues to face the repercussions of the COVID-19 pandemic however, growth has started to recover from a 2020 recession.
Bureau of the Comptroller and Global Financial Services.Office of the Science and Technology Adviser.Bureau of Oceans and International Environmental and Scientific Affairs.Bureau of Economic and Business Affairs.Under Secretary for Economic Growth, Energy, and the Environment.Economic Growth, Energy, and Environment.Office to Monitor and Combat Trafficking in Persons.
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