Cameroon Location : Western Africa, bordering the Bight of Biafra, between Equatorial Guinea and Nigeria Capital City : Yaounde Curreny : Communaute Financiere Africaine franc (XAF); note - responsible authority is the Bank of the Central African States Languages Spoken : 24 major African language groups, English (official), French (official) Climate : varies with terrain, from tropical along coast to semiarid and hot in north National Holiday : Republic Day (National Day), 20 May (1972) Background Information The former French Cameroon and part of British Cameroon merged in 1961 to form the present country. Cameroon has generally enjoyed stability, which has permitted the development of agriculture, roads, and railways, as well as a petroleum industry. Despite movement toward democratic reform, political power remains firmly in the hands of an ethnic oligarchy. Geographical Note sometimes referred to as the hinge of Africa; throughout the country there are areas of thermal springs and indications of current or prior volcanic activity; Mount Cameroon, the highest mountain in Sub-Saharan west Africa, is an active volcano Economy Because of its oil resources and favorable agricultural conditions, Cameroon has one of the best-endowed primary commodity economies in sub-Saharan Africa. Still, it faces many of the serious problems facing other underdeveloped countries, such as a top-heavy civil service and a generally unfavorable climate for business enterprise. Since 1990, the government has embarked on various IMF and World Bank programs designed to spur business investment, increase efficiency in agriculture, improve trade, and recapitalize the nation's banks. In June 2000, the government completed an IMF-sponsored, three-year structural adjustment program; however, the IMF is pressing for more reforms, including increased budget transparency and privatization. International oil and cocoa prices have considerable impact on the economy. Religions indigenous beliefs 40%, Christian 40%, Muslim 20% Ports : Bonaberi, Douala, Garoua, Kribi, Tiko International Disputes - Risks to travellers : oral arguments on the land and maritime boundary disputes between Cameroon and Nigeria were presented to the ICJ; disputes center around Bakasi Peninsula, where armed clashes continue, Bouram Island on Lake Chad, and the maritime boundary and economic zone dispute in the Gulf of Guinea, which also involves Equatorial Guinea; Lake Chad Basin Commission urges signatories Cameroon, Chad, Niger, and Nigeria to ratify delimitation treaty over lake region, the site of continuing armed clashes
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