Texte juridique 2021 fiscal year · 2022 Finance Law -…

“哈，你是个小伙子，你是个小伙子，你是个小伙子，你是个小伙子，你是个小伙子，你是个小伙子，你是个小伙子，你是个小伙子，你是个小伙子，你是个小伙子，你是个小伙子，你是个小伙子，你是个小伙子，你是个小伙子，你是个小伙子，你是个小伙子，你是个小伙子，你是个小伙子，你是个小伙子，你是个小伙子，你是个小伙子，你是个小伙子，你是个小伙子，你是个小伙子，你是个小伙子，你是个小伙子，你是个小伙子，你是个小伙子，你是个小伙子，你是个小伙子，你是个小伙子，你是个小伙子，你是个小伙子，你是个小伙子，你是个小伙子，你是个小伙子，你是个小伙子，你是个小伙子，你是个小伙子，你是个小伙子，你是个小伙子，你是个小伙子，你是个小伙子，你是个小伙子，你是个小伙子，你是个小伙子，你是个小伙子，你是个小伙子，你是个小伙子，你是个小伙子，你是个小伙子，你是个小伙子，你是个小伙子，你是个小伙子，你是个小伙子，你是个小伙子，你是个小伙子，你是个小伙子，你是个小伙子，

REPUBLICIQUE DU CAMEROUN

Peace-Work-Fatherland

MINISTRY OF FINANCE

# 2022 FINANCE LAW

Annex

# REPORT ON THE NATION'S ECONOMIC, SOCIAL AND FINANCIAL SITUATION AND PROSPECTS

For 2021 fiscal year

Current and previous versions of this report are available in english and french on the following website www.minfi.gov.cm www.dgb.cm

2022 FINANCE LAW

# TABLE OF CONTENTS

List of tables ix

List of graphs xiii

Boxes xv

# CHAPTER 1: OVERVIEW 1

1.1. International Economic Environment 1

1.1.1. Global economic growth 1 1.1.2. World trade 2 1.1.3. Inflation and commodity prices 2

1.2. Recent Trends in Cameroon's Economy 3

1.2.1. Growth and prices 3 1.2.3. Currency and financing of the economy 6 1.2.4. Public finances 7 1.2.5. Social sectors 8 1.2.6. Structural and institutional reforms 11

1.3. Macroeconomic and Budgetary Outlook for the 2021-2024 Period 12

1.3.1. Situation of the national economy in 2021 12 1.3.2. 2022-2024 macroeconomic outlook 13 1.3.3. 2022-2024 budgetary prospects 13 1.3.4. Macroeconomic and budgetary constraints and risks in 2022 14

# CHAPTER 2: PRODUCTION 15

2.1. Primary Sector 15

2.1.1. Agriculture 15 2.1.2. Livestock, fishing and fish farming 20 2.1.3. Forestry and wildlife sub-sector 22 2.1.4. Environment and nature protection 25 2.1.5. Research and innovation 25

2.2. Secondary sector 26

2.2.1. Manufacturing industries 26 2.2.2. Extractive industries 28 2.2.3. Downstream petroleum products consumption 29 2.2.4. Electricity production and distribution 30 2.2.5. Production and distribution of water and sanitation 31 2.2.6. Public works and civil engineering 32

2.3 Tertiary sector 35

2.3.1. Trade 35 2.3.3. Transport sector 37

Report on the nation's economic, social and financial situation and prospects - 2021 fiscal year

MINISTRY OF FINANCE

2.3.4. Telecommunications 41 2.3.5. SMEs, social economy and handicraft 42

# CHAPTER 3: DEMAND, PRICES AND COMPETITIVENESS 43

3.1. Analysis of Demand Components 43

3.1.1. Domestic demand 43 3.1.2. Net external demand 46

3.2. Prices 48

3.2.1. Final household consumer prices 48 3.2.2. Global competitiveness 50

# CHAPTER 4: FINANCING OF THE ECONOMY 53

4.1. Monetary policy 53

4.1.1. Refinancing policy 53 4.1.2. Interest rate steering policy 53

4.2. Money market operations 54

4.2.1. Open market transactions 54 4.2.2. 24-hour marginal lending facility 55 4.2.3. Special counter operations 55 4.2.4. Interbank market 55

4.3. Reserve requirement policy 55

4.4. Monetary situation 55

4.4.1. Money supply counterparts 56

4.5. Banking sector 58

4.5.1. Balance sheet total 59 4.5.2. Customer deposits 59 4.5.3. Customer credit 60 4.5.4. Prudential standards 61 4.5.5. Automatic teller machines and electronic money 61

4.6. Microfinance 61

4.6.1. Breakdown of MFIs by category 61 4.6.2. Geographic coverage 62 4.6.3. Credit Trends 63 4.6.4. Deposit trends 63 4.6.5. Trends in balance sheet total 63 4.6.6. Performance trends 64 4.6.7. Trends in non-performing loans 64