African Economic Outlook 2006
This fact-filled reference book brings the reader the latest available economic information for most of the economies of Africa. Drawing on the expertise of both the African Development Bank and the OECD, it opens with an overview that examines the international environment, macroeconomic performance, progress towards attaining the Millennium Development Goals, and governance and political issues. This edition includes a special section on transport infrastructure issues. The second part provides individual country reports for 30 countries. Each country report provides an assessment of recent economic performance, projections for 2006 and 2007, an examination of structural issues, and a discussion of the political and social context. The statistical annex presents 23 tables comparing economic and social variables across all the countries of Africa.
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Cameroon
OECD Development Centre
The economy recorded modest growth of about 2.8 per cent of GDP in 2005 (down from 3.5 per cent in 2004) and budget austerity prevailed after the government’s financial excesses in 2004, which had again prevented the economy reaching completion point. The 2004 indiscipline highlighted the flaws in the country’s governance and showed that domestic politics could call into question the government’s economic promises. The indifferent 2005 results also showed the strengths and weaknesses of Cameroon’s growth. Despite a vigorous private sector, growth was...
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