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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 reduction|cost cutting]] suggestions laid out by the [[International Monetary Fund]] (IMF). Instead, Cameroon formulated its own plan. [[civil service|Civil servants]] lost access to [[subsidy|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 [[para-statals|parastatal]] enterprises were [[privatization|privatised]].<ref name=overview/> The 1987–1988 budget reduced government spending by 18%, the first time in the country's history that the budget decreased.<ref name="D&D 105">DeLancey and DeLancey 105.</ref> |
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 reduction|cost cutting]] suggestions laid out by the [[International Monetary Fund]] (IMF). Instead, Cameroon formulated its own plan. [[civil service|Civil servants]] lost access to [[subsidy|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 [[para-statals|parastatal]] enterprises were [[privatization|privatised]].<ref name=overview/> The 1987–1988 budget reduced government spending by 18%, the first time in the country's history that the budget decreased.<ref name="D&D 105">DeLancey and DeLancey 105.</ref> |
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The measures met with international approval, but [[violent crime]] rose as a result. Cameroon's plan also failed to rein in [[political corruption|corruption]].<ref name=overview/> 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 Group|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. |
The measures met with international approval, but [[violent crime]] rose as a result. Cameroon's plan also failed to rein in [[political corruption|corruption]].<ref name=overview/> 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 Group|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.The immigrants are managed by the government and immigrants are used like the “shock absorbers” in an unstable economic situation. |
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However, the consensus among Cameroonians both at home and overseas is that the economic hardship is as a result of public funds theft by the Biya administration. Members of his regime constantly steal public funds and build mega structures in other countries such as France without any serious legal action being taken by the Biya administration. Biya himself is known to have resorts in Europe where he spends more time enjoying the proceeds of his theft than he does in his own country. |
However, the consensus among Cameroonians both at home and overseas is that the economic hardship is as a result of public funds theft by the Biya administration. Members of his regime constantly steal public funds and build mega structures in other countries such as France without any serious legal action being taken by the Biya administration. Biya himself is known to have resorts in Europe where he spends more time enjoying the proceeds of his theft than he does in his own country. |
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Greek: Ά ά Έ έ Ή ή Ί ί Ό ό Ύ ύ Ώ ώ Α α Β β Γ γ Δ δ Ε ε Ζ ζ Η η Θ θ Ι ι Κ κ Λ λ Μ μ Ν ν Ξ ξ Ο ο Π π Ρ ρ Σ σ ς Τ τ Υ υ Φ φ Χ χ Ψ ψ Ω ω {{Polytonic|}}
Cyrillic: А а Б б В в Г г Ґ ґ Ѓ ѓ Д д Ђ ђ Е е Ё ё Є є Ж ж З з Ѕ ѕ И и І і Ї ї Й й Ј ј К к Ќ ќ Л л Љ љ М м Н н Њ њ О о П п Р р С с Т т Ћ ћ У у Ў ў Ф ф Х х Ц ц Ч ч Џ џ Ш ш Щ щ Ъ ъ Ы ы Ь ь Э э Ю ю Я я ́
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