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République du Cameroun
Republic of Cameroon

Flag of Cameroon Coat of Arms of Cameroon
Motto
Paix, Travail, Patrie
Peace, Work, Fatherland
Anthem
Ô Cameroun, Berceau de nos Ancêtres
Cameroon, Cradle of our Forefathers
Map of Cameroon
CapitalYaoundé
Government Republic
President
- From 1982Paul Biya
Prime Minister
- From 2009Philémon Yang
Legislature National Assembly
History
June 2, 1972Federal states abolished
Commonwealth accessionNovember 13, 1995
Area475,442 km²
Population
- 200315,746,179
 Density33.1/km²
GDP2003 (PPP)
- TotalUS$ 34.1 billion
- Per capitaUS$ 2,170
CurrencyCFA franc
Flag of None Federal Republic of Cameroon
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The Republic of Cameroon is a republic in Middle Africa.


Background

The former French Cameroon and part of British Cameroon merged in 1961 to form the present country. Cameroon has generally enjoyed stability, which has permitted the development of agriculture, roads, and railways, as well as a petroleum industry. Despite slow movement toward democratic reform, political power remains firmly in the hands of President Paul BIYA.[1]

Economy

Because of its modest oil resources and favorable agricultural conditions, Cameroon has one of the best-endowed primary commodity economies in sub-Saharan Africa. Still, it faces many of the serious problems confronting other underdeveloped countries, such as stagnant per capita income, a relatively inequitable distribution of income, a top-heavy civil service, endemic corruption, and a generally unfavorable climate for business enterprise. Since 1990, the government has embarked on various IMF and World Bank programs designed to spur business investment, increase efficiency in agriculture, improve trade, and recapitalize the nation's banks. The IMF is pressing for more reforms, including increased budget transparency, privatization, and poverty reduction programs. Weak prices for oil led to the significant slowdown in growth in 2010. The government is under pressure to reduce its budget deficit, which by the government's own forecast will hit 2.8% of GDP, but the presidential election in 2011 may make fiscal austerity difficult.[2]

President

  • Paul Biya () (November 6, 1982 - )


Prime Minister

  • Philémon Yang () (June 30, 2009 - )

Nation

Cameroonia Polities

Neighbouring Nations

References

  1. The CIA World Factbook: Introduction - Background
  2. The CIA World Factbook: Economy - Overview

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