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Cameroon News

Cameroon's economy is based on a diversified and self-sufficient agriculture supplemented by substantial petroleum production and a sizable manufacturing sector. Coffee and cocoa are Cameroon's principal agricultural exports, along with cork, wood, and cotton. Petroleum, basic manufactures, machinery and transport equipment provide additional export revenues. France, Spain, Italy, and Nigeria are the major trading partners. With conditions moderately favorable for the growth and development of Cameroon, economy and business, the country is being aided by various international organizations like the World Bank and the IMF. The IMF is pressing for more reforms, including increased budget transparency, privatization, and poverty reduction programs.

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