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- Economic_crisis_of_Cameroon abstract "The Cameroonian economic crisis was a downturn in the economy of Cameroon from the mid-1980s to the early 2000s. The crisis resulted in rising prices in Cameroon, trade deficits, and loss of government revenue. The government of Cameroon acknowledged the crisis in 1987. Outside observers and critics blamed poor government stewardship of the economy. The government instead placed the blame on the fall of the prices of export commodities, particularly a steep drop in the price of petroleum. President Paul Biya announced that \"all our export commodities fell at the same time.\"Cameroon's trade partners, particularly France, Germany, and the United States, offered to help the country, but Cameroon balked at their condition that the country follow strict cost-cutting suggestions laid out by the International Monetary Fund (IMF). Instead, Cameroon formulated its own plan. Civil servants lost access to subsidised electricity, housing, and telephones; parts of the government's vehicle fleet were sold; older civil servants were forced into retirement; the official working schedule was changed; economic missions in foreign embassies from Cameroon were closed; and state and parastatal enterprises were privatised. The 1987–1988 budget reduced government spending by 18%, the first time in the country's history that the budget decreased.The measures met with international approval, but violent crime rose as a result. Cameroon's plan also failed to rein in corruption. By October 1988, the intended effect was less than had been hoped, and Cameroon agreed to an IMF aid package worth $150 million and accepted a structural adjustment program (SAP) loan from the World Bank. The African Development Bank, France, Germany, and the United Kingdom loaned the government further funds. Cameroon has since focused on paying off its international debt and further restricting public salaries and pay rises to civil servants. Its economy had mostly recovered by the early 2000s.".
- Economic_crisis_of_Cameroon wikiPageID "9323104".
- Economic_crisis_of_Cameroon wikiPageLength "2761".
- Economic_crisis_of_Cameroon wikiPageOutDegree "23".
- Economic_crisis_of_Cameroon wikiPageRevisionID "613680933".
- Economic_crisis_of_Cameroon wikiPageWikiLink African_Development_Bank.
- Economic_crisis_of_Cameroon wikiPageWikiLink Balance_of_trade.
- Economic_crisis_of_Cameroon wikiPageWikiLink Cameroon.
- Economic_crisis_of_Cameroon wikiPageWikiLink Category:20th_century_in_Cameroon.
- Economic_crisis_of_Cameroon wikiPageWikiLink Category:Economic_crises.
- Economic_crisis_of_Cameroon wikiPageWikiLink Category:Economy_of_Cameroon.
- Economic_crisis_of_Cameroon wikiPageWikiLink Category:History_of_Cameroon.
- Economic_crisis_of_Cameroon wikiPageWikiLink Civil_service.
- Economic_crisis_of_Cameroon wikiPageWikiLink Economy_of_Cameroon.
- Economic_crisis_of_Cameroon wikiPageWikiLink France.
- Economic_crisis_of_Cameroon wikiPageWikiLink Germany.
- Economic_crisis_of_Cameroon wikiPageWikiLink International_Monetary_Fund.
- Economic_crisis_of_Cameroon wikiPageWikiLink Paul_Biya.
- Economic_crisis_of_Cameroon wikiPageWikiLink Petroleum.
- Economic_crisis_of_Cameroon wikiPageWikiLink Political_corruption.
- Economic_crisis_of_Cameroon wikiPageWikiLink Privatization.
- Economic_crisis_of_Cameroon wikiPageWikiLink State-owned_enterprise.
- Economic_crisis_of_Cameroon wikiPageWikiLink Structural_adjustment.
- Economic_crisis_of_Cameroon wikiPageWikiLink Subsidy.
- Economic_crisis_of_Cameroon wikiPageWikiLink United_Kingdom.
- Economic_crisis_of_Cameroon wikiPageWikiLink United_States.
- Economic_crisis_of_Cameroon wikiPageWikiLink Violent_crime.
- Economic_crisis_of_Cameroon wikiPageWikiLink World_Bank_Group.
- Economic_crisis_of_Cameroon wikiPageWikiLinkText "Economic crisis of Cameroon".
- Economic_crisis_of_Cameroon wikiPageWikiLinkText "economic crisis".
- Economic_crisis_of_Cameroon wikiPageUsesTemplate Template:One_source.
- Economic_crisis_of_Cameroon wikiPageUsesTemplate Template:Reflist.
- Economic_crisis_of_Cameroon subject Category:20th_century_in_Cameroon.
- Economic_crisis_of_Cameroon subject Category:Economic_crises.
- Economic_crisis_of_Cameroon subject Category:Economy_of_Cameroon.
- Economic_crisis_of_Cameroon subject Category:History_of_Cameroon.
- Economic_crisis_of_Cameroon hypernym Downturn.
- Economic_crisis_of_Cameroon type Economy.
- Economic_crisis_of_Cameroon type Redirect.
- Economic_crisis_of_Cameroon comment "The Cameroonian economic crisis was a downturn in the economy of Cameroon from the mid-1980s to the early 2000s. The crisis resulted in rising prices in Cameroon, trade deficits, and loss of government revenue. The government of Cameroon acknowledged the crisis in 1987. Outside observers and critics blamed poor government stewardship of the economy. The government instead placed the blame on the fall of the prices of export commodities, particularly a steep drop in the price of petroleum.".
- Economic_crisis_of_Cameroon label "Economic crisis of Cameroon".
- Economic_crisis_of_Cameroon sameAs Q5333449.
- Economic_crisis_of_Cameroon sameAs m.0284l7j.
- Economic_crisis_of_Cameroon sameAs Q5333449.
- Economic_crisis_of_Cameroon wasDerivedFrom Economic_crisis_of_Cameroon?oldid=613680933.
- Economic_crisis_of_Cameroon isPrimaryTopicOf Economic_crisis_of_Cameroon.