Cameroon - Fiscal policy for growth and development
Cameroon's growth achievement is disappointing and the country is not likely to meet most of the Millennium Development Goals (MDGs) on its current trajectory. Underemployment is extremely high, with risks of social unrest and instability. The...
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| Format: | Other Poverty Study |
| Language: | English |
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World Bank
2012
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| Online Access: | http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333037_20101121234047 http://hdl.handle.net/10986/2934 |
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okr-10986-29342021-04-23T14:02:05Z Cameroon - Fiscal policy for growth and development World Bank FISCAL POLICY DEVELOPMENT Cameroon's growth achievement is disappointing and the country is not likely to meet most of the Millennium Development Goals (MDGs) on its current trajectory. Underemployment is extremely high, with risks of social unrest and instability. The fallout of the current global economic crisis is making more challenging the attainment of growth targets foreseen in the new Growth and Employment Strategy (DSCE) and in the new vision 2035. This overall picture hides an even more worrisome divide between urban and rural areas, among provinces, and between farmers and all other socioeconomic groups. Cameroon has ended up in this situation as a result of several factors, including a legacy of poor public finance management, weak governance, and inequitable distribution of resources. The report also argues that the Government has the capacity to use fiscal policy as an effective instrument to address the legacy, governance, and distribution issues that are constraining growth, while providing basic services and necessary public goods to the population. The Government is committed to reviving growth and job creation, in line with vision 2035, and the recommendations in this report could help it to achieve these goals. The Government needs to act quickly, however, as the costs of delaying reforms can be high. It also needs to engage with the private sector, for example, in public private partnerships in the energy sector. 2012-03-19T10:25:04Z 2012-03-19T10:25:04Z 2010-09-01 http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333037_20101121234047 http://hdl.handle.net/10986/2934 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank Economic & Sector Work :: Other Poverty Study Africa West Africa Sub-Saharan Africa Cameroon |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
FISCAL POLICY DEVELOPMENT |
| spellingShingle |
FISCAL POLICY DEVELOPMENT World Bank Cameroon - Fiscal policy for growth and development |
| geographic_facet |
Africa West Africa Sub-Saharan Africa Cameroon |
| description |
Cameroon's growth achievement is
disappointing and the country is not likely to meet most of
the Millennium Development Goals (MDGs) on its current
trajectory. Underemployment is extremely high, with risks of
social unrest and instability. The fallout of the current
global economic crisis is making more challenging the
attainment of growth targets foreseen in the new Growth and
Employment Strategy (DSCE) and in the new vision 2035. This
overall picture hides an even more worrisome divide between
urban and rural areas, among provinces, and between farmers
and all other socioeconomic groups. Cameroon has ended up in
this situation as a result of several factors, including a
legacy of poor public finance management, weak governance,
and inequitable distribution of resources. The report also
argues that the Government has the capacity to use fiscal
policy as an effective instrument to address the legacy,
governance, and distribution issues that are constraining
growth, while providing basic services and necessary public
goods to the population. The Government is committed to
reviving growth and job creation, in line with vision 2035,
and the recommendations in this report could help it to
achieve these goals. The Government needs to act quickly,
however, as the costs of delaying reforms can be high. It
also needs to engage with the private sector, for example,
in public private partnerships in the energy sector. |
| format |
Economic & Sector Work :: Other Poverty Study |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Cameroon - Fiscal policy for growth
and development |
| title_short |
Cameroon - Fiscal policy for growth
and development |
| title_full |
Cameroon - Fiscal policy for growth
and development |
| title_fullStr |
Cameroon - Fiscal policy for growth
and development |
| title_full_unstemmed |
Cameroon - Fiscal policy for growth
and development |
| title_sort |
cameroon - fiscal policy for growth
and development |
| publisher |
World Bank |
| publishDate |
2012 |
| url |
http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333037_20101121234047 http://hdl.handle.net/10986/2934 |
| _version_ |
1764386186094182400 |