logoBC
Yaoundé - 19 February 2019 -
Hydrocarbons

Cameroon: Oil revenues to grow by 0.1% in 2018 budget year

Cameroon: Oil revenues to grow by 0.1% in 2018 budget year
  • Comments   -   Friday, 07 September 2018 15:08

(Business in Cameroon) - Cameroon’s oil revenues are expected to increase by about 0.1% of GDP during the 2018 fiscal year, over a price recovery. According to the International monetary Fund (IMF) which reports the information, this momentum should further improve by about 0.3% of GDP a year over the period 2020-23.

In this wake, the country will export more oil during the period under review, thus reducing the current account deficit by the same extent and rising Forex reserves. To prevent a new price collapse, IMF suggested that Cameroon should save any windfall revenue. Lets’ note that in 2017, the country collected CFA385.9 billion in oil revenues.

S.A

Mags frontpage


Business in Cameroon n72: February 2019

Breeders’ resilience despite diffculties

2019, President Biya’s roadmap



Investir au Cameroun n82: Fèvrier 2019

La résilience des éleveurs en dépit des diffcultés

2019, la feuille de route du Président Biya