Cameroon: Selected Issues

Author: International Monetary Fund. African Dept.

Cameroon plans to promote private sector involvement in the provision of large infrastructure projects through public–private partnerships.

Volume/Issue: Volume 2014 Issue 213

Publication date: July 2014

ISBN: 9781498396011

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Banks and Banking , Labor , Public Finance , Industries - Energy , ISCR , CR , wage bill , public-private partnership , IMF staff estimate , Cameroon , base salary , poverty incidence data , bill development , salary progression , Public investment and public-private partnerships (PPP) , Public investment spending , Civil service , Oil , Oil sector , Global , Africa , Sub-Saharan Africa , Central Africa

Also of interest

Republic of Congo : 2001 Article IV

Spain

Peru

Malawi

Summary

This Selected Issues paper examines infrastructure needs in Cameroon and makes policy recommendations to address them. In doing this, it provides advice to strengthen the public investment management framework, including public–private partnerships (PPP). The paper reviews the recent experience with public investment and PPPs and discusses policy options: increasing spending on public investment through traditional public procurement, while preserving fiscal sustainability; increasing the efficiency of public investment institutional processes; and increasing reliance on private-sector participation in infrastructure, while properly addressing their associated fiscal risks. Infrastructure indicators in Cameroon trail those of regional peers. Despite a slight improvement in the overall quality of infrastructure in 2013, infrastructure indicators remain low when compared to other sub-Saharan African countries, especially for roads, air transport, and electricity. A large body of theoretical and empirical work finds a positive relationship between public investment and growth. Physical and social infrastructure is widely considered to be a critical input for economic growth, productivity, and welfare.