African Affairs magazine noted in the early 1980s that they "continue to dominate almost all key sectors of the economy, much as they did before independence.
Cameroon aims at becoming emerging by 2035. The government embarked upon a series of economic reform programs supported by the World Bank and International Monetary Fund (IMF) beginning in the late 1980s.
Real per capita GDP fell by more than 60% from 1986 to 1994.
Many of these measures have been painful; the government slashed civil service salaries by 65% in 1993.
Real per capita GDP fell by more than 60% from 1986 to 1994.
The CFA franc – the common currency of Cameroon and 13 other African states – was devalued by 50% in January 1994.
GDP has grown by about 5% a year beginning in 1995.
As of March 1998, Cameroon's fifth IMF program – a 3-year enhanced structural adjustment program approved in August 1997 – is on track.
As of March 1998, Cameroon's fifth IMF program – a 3-year enhanced structural adjustment program approved in August 1997 – is on track.
As of 2006, bank loans to SMEs hardly reached 15 percent of total outstanding loans (Molua, 2002). Less than 5 percent of Cameroonians have access to a bank account.
As of 2006, bank loans to SMEs hardly reached 15 percent of total outstanding loans (Molua, 2002). Less than 5 percent of Cameroonians have access to a bank account.
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