CAMEROON | Overview
Official name: Republic of Cameroon
Official languages: English and French
Monetary unit: Central African CFA Franc
Population (million – 2013): 22.25
Total area (sq km): 475,440
Located just above the Equator and east of Gulf of Guinea, Cameroon is a lower middle-income country. After years of weak economic growth, Cameroon’s economy started to pick up in the recent years with growth rate 4.5 percent.
However, this upturn in growth should continue in order to bring the country out if the poverty gap. The government of Cameroon has taken serious steps to improve its institutional efficiency which is expected to have a positive impact on attracting FDI and boosting the economic growth.
Year joined ICD:
Number of projects approved: 1
Gross Approval ($US million): 45.05
Gross Disbursement ($US million): 0