Report: Country Report Cameroon March 2009 (EIU01385) from ReportBuyer.com

The ruling Rassemblement democratique du peuple camerounais (RDPC) is expected to continue to dominate the political scene during 2009-10, although the factional divisions will increasingly jeopardise its unity.
Given the advanced age of the president, Paul Biya, and the reportedly fragile state of his health, his departure from office as a result of sickness cannot be ruled out. In such an event the ensuing power vacuum could be destabilising.
The government will struggle to secure foreign investment for infrastructural and agricultural development projects amid the severe global economic slowdown and tight financial markets.
Given the Economist Intelligence Unit's forecast for sharply reduced global demand and lower average oil prices in 2009-10, we now expect real GDP growth of just 0.2% in 2009 and of 1.8% in 2010.
World prices for food and fuel will drop in 2009, but lower subsidies will offset some of this deflationary pressure, leading to average inflation of 3%. Higher commodity prices will sustain inflation at 3.2% in 2010.
In line with movements in the trade account and global oil prices, the current account is expected to post a deficit equivalent to 3.8% of GDP in 2009, before narrowing to 3.1% of GDP in 2010.

In February a memorandum to the president was submitted by predominantly RDPC politicians from the Eastern Province of Cameroon, calling his attention to a wide range of political, economic and social grievances.
The government has deployed the country's rapid response force, Bataillon d'intervention rapide (BIR), to the Bakassi peninsula. Doubts over the BIR's human rights record have led to concerns that it may enflame local tensions.
In early March the prime minister, Ephraim Inoni, chaired a workshop to examine the draft version of the countys long-term development plan, which prioritises poverty reduction, industry and boosting economic growth.
Local newspapers have reported that the African Development Bank is threatening to suspend its funding of a new shipyard in Limbe because of concerns about project implementation.
A French oil major, Total, has reportedly suspended its technical assistance to the Cameroonian national refiner, SONARA, owing to disagreements over plans to expand and upgrade SONARA's facilities.

Source: Country Report

This report covers the following industry codes:
SIC Code: 10;60;47;15
NAICS Code: 212;52;48;23

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