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Cameroon - Country results brief 2017
Cameroon is the economic powerhouse of the Central African Economic and Monetary Community (CEMAC), contributing over 40% to the region’s gross domestic product (GDP). It has abundant natural resources, a diversified economic and industrial fabric and a prime geographic location, particularly because of its long coastline along the Gulf of Guinea. With this strong potential, the country is well placed to is meet the various challenges in achieving the objectives of its 2010–2020 Growth and Employment Strategy Paper (GESP), which forms part of its vision for graduating to emerging country status by 2035. These challenges include producing and distributing more energy, modernising agriculture, developing the industrial sector, strengthening regional integration and improving the quality of life of the people of Cameroon by facilitating their access to basic services.
The African Development Bank (AfDB, or the Bank) has supported Cameroon in its development efforts since 1972 and has provided total provided project financing of over $2 billion, making it one of the country’s leading partners.