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Cameroon [electronic resource] : Background Papers and Statistical Appendix.

By: International Monetary Fund.
Material type: materialTypeLabelBookSeries: IMF Staff Country Reports; Country Report: No. 95/5Publisher: Washington, D.C. : International Monetary Fund, 1995Description: 1 online resource (94 p.).ISBN: 1451807988 :.ISSN: 1934-7685.Subject(s): Balance of Payments | Domestic Demand | Tax Reform | Terms of Trade | Tradable Goods | CameroonAdditional physical formats: Print Version:: Cameroon : Background Papers and Statistical AppendixOnline resources: IMF e-Library | IMF Book Store 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.
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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.

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