(Business in Cameroon) - According to Cameroon’s National Financial and Monetary Committee, following its midpoint assessment, “outlook for the Cameroonian economy remains encouraging in light of the country’s immense potential.” This was expressed in a release that endorsed the last meeting of this organisation which, with the support of the central bank and the banking regulator of the CEMAC zone (Cobac), assessing the economic performance of the six member states, “2014 (for Cameroon) could turn out better than initially expected in light of improvement in the implementation of the investment budget and growth in the export of oil.”

Encouraged by this review, the committee believes that Cameroon’s growth rate could reach 6% as hoped by the government which recently announced an emergency plan to meet this target by year’s end. This would be 1.2% relative to the 4.8% stated in Cameroon’s Finance Act adopted in November 2013 by the parliament.

The committee notes that this performance should be possible thanks to “a grasp on inflation” in the country where, for the next few months, there will be “limited increases in basic food pricing, despite the recent increase in fuel prices.”