Information about Cameroon
French Cameroon became independent in 1960 as the Republic of Cameroon. The following year the southern portion of neighboring British Cameroon voted to merge with the new country to form the Federal Republic of Cameroon. In 1972, a new constitution replaced the federation with a unitary state, the United Republic of Cameroon. The country 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.
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. Subsidies for electricity, food, and fuel have strained the budget. Cameroon has several large infrastructure projects under construction, including a deep sea port in Kribi and the Lom Pangar Hydropower Project. It also recently opened a natural gas powered electricity generating plant. Cameroon must attract more investment to improve its inadequate infrastructure, but its business environment is a deterrent to foreign investment.
Issues in Cameroon
Joint Border Commission with Nigeria reviewed 2002 ICJ ruling on the entire boundary and bilaterally resolved differences, including June 2006 Greentree Agreement that immediately ceded sovereignty of the Bakassi Peninsula to Cameroon with a full phase-out of Nigerian control and patriation of residents in 2008; Cameroon and Nigeria agreed on maritime delimitation in March 2008; sovereignty dispute between Equatorial Guinea and Cameroon over an island at the mouth of the Ntem River; only Nigeria and Cameroon have heeded the Lake Chad Commission's admonition to ratify the delimitation treaty, which also includes the Chad-Niger and Niger-Nigeria boundaries
Refugees and internally displaced persons:
refugees (country of origin):
184,536 (Central African Republic); 12,400 (Nigeria) (2014)