Cameroon

Phone Code: 00237

Root-level Domain Code: .cm

CIA Info

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 a slow movement toward democratic reform, political power remains firmly in the hands of an ethnic oligarchy headed by President Paul BIYA.

Economy Overview: 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 facing other underdeveloped countries, such as a top-heavy civil service 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. In June 2000, the government completed an IMF-sponsored, three-year structural adjustment program; however, the IMF is pressing for more reforms, including increased budget transparency, privatization, and poverty reduction programs. International oil and cocoa prices have a significant impact on the economy.

Geography Note: sometimes referred to as the hinge of Africa; throughout the country there are areas of thermal springs and indications of current or prior volcanic activity; Mount Cameroon, the highest mountain in Sub-Saharan west Africa, is an active volcano

Location: Western Africa, bordering the Bight of Biafra, between Equatorial Guinea and Nigeria

Natural Resources: petroleum, bauxite, iron ore, timber, hydropower

Geographic Coordinates: 6 00 N, 12 00 E

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