Cameroon is the largest middle-income country in Central Africa with a relatively diversified economy (agriculture, forestry, raw material extraction and some transformation industry) and a dynamic private sector.
In spite of Cameroon's very significant endowments in natural resources and a well-educated elite, economic growth (around 3-4%) has been lagging behind the rates achieved by other African countries and large parts of the country remain very poor. Security threats are also increasing, mainly on the northern borders.
Cameroon is the first country in the region to ratify the Economic Partnership Agreement with the EU, and it plays a key role in the region as well. The EU supports the strategic priorities of Cameroon, namely:
- reducing poverty
- becoming a medium-income country by 2035
- restoring peace and security
- reinforcing national unity and consolidating the democratic process.
- CAMWATER project - Rehabilitation and extension of mineral water infrastructures in the capital Yaoundé and in the cities of Bertoua, Edéa et Ngaoundéré.
- Kribi Gas Fired Power Plant project - Development and construction of the Kribi gas power plant.
- Lom Pangar reservoir dam - Construction of the Lom Pangar dam to regulate water flow levels downstream of the Sanaga River.
- Africa Mobile Network Ltd. project - Development of an innovative technology to offer for the first-time access to telecommunications for rural communities in Cameroon and the DRC.
The 11th EDF National Indicative Programme (NIP) allocated €282 million for the 2014-2020 funding period. The focal sectors are:
Governance – improve public governance, in particular in the areas of public finance management, business environment, natural resources management and strengthen the rule of law. The main priorities for effective governance are the modernisation of the public administration, the building of human capacities and decentralisation.
Rural Development (improving agricultural productivity and production environment) – promote a sustainable and well-balanced territorial development as well as an inclusive economic growth. The aim is to increase agricultural production and fight against poverty. Emphasis is placed on the fight against climate change, notably by promoting renewable energy for the electrification of rural areas.
All EU projects in Cameroon address cross-cutting issues such as gender, the environment, human rights (in particular those of the pygmy people) and the prevention of HIV/AIDS and malaria.