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Great potential, but also great challenges

Map of Cameroon

Cameroon is a country of contrasts. In the southern part of the country, farmers cultivate crops on fertile soil and there are still dense tropical forests, while the north is barren and dry. Despite relatively advanced economic diversification, around one-third of Cameroon’s government revenues depend on developments in the oil sector, but these only partially benefit the general population. Poverty among the population remains high, with more than a quarter living below the absolute poverty line. Cameroon ranked only 153th in the UN's Human Development Index in 2020 (out of 188). Investment in infrastructure and the improvement of the private sector framework conditions are essential to further assist the country’s economic and social development. This should lead to an increase jobs, the demand for which is rising due to the rapidly growing population. Economic stagnation and the tense political situation provide a breeding ground for corruption and testify to a great need for reform. In addition, the security situation across the country is tense. Unrest in the English-speaking West and terrorist activities in the North are hampering security and development. Conflicts in neighbouring countries only make matters worse. Refugees from Nigeria, Chad and the Central African Republic put pressure on the economy and the social fabric.

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