Cameroon Economy: Cameroon Records Four Percent (4 %) Growth in 2011

Yaounde, Cameroon Africa. (Cameroon News) – The Head of the International Monetary Fund (IMF) review mission to Cameroon says the country had recorded 4 percent growth in the soon-to-expire 2011 fiscal year.

Mario De Zamroczy spoke to the press in the capital city, Yaounde on Monday, December 5, 2011 at the end of two weeks of work in Cameroon. He said the current international crisis shaking Europe has not greatly affected growth in the country negatively.

Mario De Zamroczy noted that Cameroon’s macro economic situation was stable.

He advised that the country should adequately address the challenges of improving growth rate, intensifying the fight against corruption, encourage investments, build infrastructure, ensure that the schedule for implementing projects is respected, while the giant projects the Head of State announced during his swearing-in speech on November 3, 2011 begin in time.

There are projections that should Cameroon continue with the same pace, growth rate in 2012 may reach 5 percent.

The IMF review mission had to take place in September 2011 but could not hold due to the presidential election of October 9, 2011.




Posted by on Dec 7 2011. Filed under Business, Featured, World News, YaoundeCameroon .Cameroon News . You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.

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