According to the International Monetary Fund (IMF), Cameroon's economic growth is expected to reach 3.9% in 2024.
The country's economic recovery continued in 2023 with an overall growth rate estimated at 3.3%, which is projected to rise to 3.9% in 2024.
Inflation, on the other hand, has decreased from 7.3% at the end of 2022 to 5.9% at the end of 2023. The financial institution specifies that it will reach 5.5% by the end of the year.
"During the drafting of the revised finance law for 2024, the authorities expressed their determination to maintain macroeconomic stability and reduce the primary non-oil budget deficit to 2% of GDP," the institution stated in a press release.
According to the IMF, "efforts should continue to accelerate public finance management reform, promote structural transformation, and advance adaptation and mitigation measures in response to climate change."
