Cameroon Country Economic Memorandum : Markets, Public Administration, and Growth
To become an upper-middle income country by 2035, as targeted in its Vision 2035 document, Cameroon will have to increase productivity and unleash the potential of its private sector. Specifically, Cameroon’s real GDP must grow by around 8 percent...
| Main Author: | |
|---|---|
| Format: | Report |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2017
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/981281491336365033/Cameroon-economic-memorandum-markets-public-administration-and-growth http://hdl.handle.net/10986/26416 |
| Summary: | To become an upper-middle income country
by 2035, as targeted in its Vision 2035 document, Cameroon
will have to increase productivity and unleash the potential
of its private sector. Specifically, Cameroon’s real GDP
must grow by around 8 percent and 5.7 percent in per capita
terms over 2015–2035, which in turn will require the
investment share of GDP to increase from around 20 percent
of GDP in 2015 to 30 percent of GDP in 2035 and productivity
growth to reach 2 percent over the same period, from its
average rate of zero growth over the past decade. These are
daunting yet doable challenges. To make it happen the public
sector would need to reinvent itself and change its nature:
reduce distortion, promote innovation and increase
allocative efficiency; and more competitive markets would be
needed to promote productivity gains. Based on the rigorous
analysis of the Cameroonian economy using five main sources
of data,1 the report will address the following topics:
Chapter 1 analyzes constraints to growth, Chapter 2 explores
constraints to enhance competitiveness, Chapter 3 examines
the role played by the Cameroonian state on these
constraints, and Chapter 4 derives from these analyses a set
of actionable policy recommendations. The abstract contains
the following structure: 1. Underpinnings of Cameroonian
economy affecting growth potential 2. Recommendations on
nine major areas of collaboration between the government and
the private sector. |
|---|