Cameroon is a lower-middle-income country with a population of 23.3 million people. Situated in Central Africa, it shares a border with Chad, the Central African Republic, Equatorial Guinea, Gabon, and Nigeria. Cameroon is endowed with significant natural resources, including oil and gas, high-value timber species, minerals, and agricultural products such as coffee, cotton, cocoa, maize, and cassava.
Cameroon's GDP is projected to grow by 4.4% in 2019 and 4.7% in 2020, following energy and transport production infrastructure start-up, as well as rising world oil prices. The current account deficit is projected to level off at 3.1% of GDP in 2019 and 2020. Inflation is projected to remain below the 3% community requirement.
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