To become an upper-middle income countryby 2035, as targeted in its Vision 2035 document, Cameroonwill have to increase productivity and unleash the potentialof its private sector. Specifically, Cameroon’s real GDPmust grow by around 8 percent and 5.7 percent in per capitaterms over 2015–2035, which in turn will require theinvestment share of GDP to increase from around 20 percentof GDP in 2015 to 30 percent of GDP in 2035 and productivitygrowth to reach 2 percent over the same period, from itsaverage rate of zero growth over the past decade. These aredaunting yet doable challenges. To make it happen the publicsector would need to reinvent itself and change its nature:reduce distortion, promote innovation and increaseallocative efficiency; and more competitive markets would beneeded to promote productivity gains. Based on the rigorousanalysis of the Cameroonian economy using five main sourcesof data,1 the report will address the following topics:Chapter 1 analyzes constraints to growth, Chapter 2 exploresconstraints to enhance competitiveness, Chapter 3 examinesthe role played by the Cameroonian state on theseconstraints, and Chapter 4 derives from these analyses a setof actionable policy recommendations. The abstract containsthe following structure: 1. Underpinnings of Cameroonianeconomy affecting growth potential 2. Recommendations onnine major areas of collaboration between the government andthe private sector.
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