TRAVAIL M'ON
REPUBLIC OF CAMEROON
Peace-Work-Fatherland
# 2023
# finance law
ANNEX
REPORT ON THE NATION'S ECONOMIC, SOCIAL, AND FINANCIAL SITUATION AND PROSPECTS
NOVEMBER 2022
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REPUBLIC OF CAMEROON Peace-Work-Fatherland
# REPORT ON THE NATION'S ECONOMIC, SOCIAL, AND FINANCIAL SITUATION AND PROSPECTS
2022 FINANCIAL YEAR
REPORT ON THE NATION'S ECONOMIC, SOCIAL, AND FINANCIAL SITUATION AND PROSPECTS - 2022 Financial Year
REPORT ON THE NATION'S ECONOMIC, SOCIAL, AND FINANCIAL SITUATION AND PROSPECTS - 2022 Financial Year
# TABLES OF CONTENTS
CHAPTER 1: OVERVIEW
15
1.1. Economic Environment
15
- 1.1.1. Global Economic Growth
15 - 1.1.2. World Trade 16 - 1.1.3. Inflation and Commodity Prices 16
1.2. Recent Trends in Cameroon's Economy
17
- 1.2.1. Growth and Prices
17 - 1.2.2. Relationship with the rest of the world 18 - 1.2.3. Financial Sector 20 - 1.2.4. Public Finance 22 - 1.2.5. Social Sectors 22 - 1.2.6. Institutional and Structural Reforms 24
1.3. Macroeconomic and Budgetary Outlook for the 2022-2025 Period
26
- 1.3.1. 2022 Macroeconomic Situation
26 - 1.3.2. Macroeconomic Outlook 2023-2025 26 - 1.3.3. 2023-2025 Budgetary Outlook 27 - 1.3.4. 2023 Macroeconomic and Budgetary Risks 28
CHAPTER 2: PRODUCTION
30
2.1. Primary Sector
30
- 2.1.1. Agriculture
30 - 2.1.2. Livestock, Hunting, Fishing and Fish Farming 36 - 2.1.3. Forestry and wildlife sub-sector 39 - 2.1.4. Environment and nature protection 42 - 2.1.5. Research and innovation 43
2.2. Secondary sector
43
- 2.2.1. Manufacturing industries
43 - 2.2.2. Extractive industries 46 - 2.2.3. Electricity generation and distribution 49 - 2.2.4. Water production and distribution and sanitation 50 - 2.2.5. Public works and civil engineering 50
2.3. Tertiary Sector
54
- 2.3.1. Trade and vehicle repair
54 - 2.3.2. Tourism 55 - 2.3.3. Transport 56 - 2.3.4. Telecommunications 58 - 2.3.5. SMEs, social economy and handicrafts 59
REPORT ON THE NATION'S ECONOMIC, SOCIAL, AND FINANCIAL SITUATION AND PROSPECTS - 2022 Financial Year
# CHAPTER 3: DEMAND, PRICES AND COMPETITIVENESS 60 ## 3.1 Analysis of Demand Components 60 - 3.1.1. Domestic demand 60 ## 3.2 Prices and Overall Competitiveness 66 - 3.2.1. Final household consumer prices 66 - 3.2.2. Overall Competitiveness 68
# CHAPTER 4: FINANCIAL SECTOR 70 ## 4.1 Monetary Policy 70 - 4.1.1 Refinancing policy 70 - 4.1.2 Interest rate steering policy 71 - 4.1.3 Reserve requirement policy 71 ## 4.2 Monetary situation 71 - 4.2.1 Money supply counterparts 72 - 4.2.2 Money supply 74 ## 4.3 Banking sector 75 - 4.3.1 Total balance sheet 76 - 4.3.2 Customer deposits 76 - 4.3.3 Loans to customers 77 - 4.3.4 Prudential ratios 78 - 4.3.5 Automatic teller machines and electronic money 78 ## 4.4 Microfinance 78 - 4.4.1 Distribution of MFIs by category 78 - 4.4.2 Geographic coverage 79 - 4.4.3 Trends in balance sheet total 80 - 4.4.4 Deposit trends 80 - 4.4.5 Credit trends 81 - 4.4.6 Trends in non-performing loans 81 - 4.4.7 Weight of MFIs in the banking sector 81 ## 4.5 Financial institutions 82 ## 4.6 Insurance 83