Country Report Cameroon January 2011

Outlook for 2011-12: Policy trends

Economic policy over the forecast period-and beyond-will be guided by a medium-term development policy, published in January 2010 as Document de stratégie pour la croissance et l'emploi (DSCE). The key objectives of the DSCE are to accelerate economic growth, create employment and reduce poverty. To achieve these goals the government plans to increase infrastructure investment, improve access to finance for the private sector and foster human development through higher spending on health and education. However, the limited absorptive capacity of the various ministries, due in part to inefficiencies in public financial management systems, will cause actual investment expenditure to fall short of budgeted capital spending. Moreover, despite the administration's modest efforts to improve it, the business environment will remain among the most difficult in the world, owing to bureaucratic bottlenecks, corruption, poor infrastructure, lack of access to credit and an inefficient court system.

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