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Competitiveness of the economy of Cameroon: New men to take the lead

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Le Secrétaire permanent, FOTIE II Hermann et les autres personnels d’encadrement désignés le 09 septembre dernier au Comité de Compétitivité, ont officiellement pris fonctions ce vendredi 18 octobre 2019 à Yaoundé, au cours d’une cérémonie présidée par le Ministre Délégué auprès du MINEPAT, Paul TASONG.

The five new leaders selected following the call for applications launched on 18 June by the Minister of the Economy, Planning and Regional Development, are now responsible for completing the establishment of the constituent bodies of the Competitiveness Committee, in accordance with the decree of the President of the Republic reorganising this structure. These include the Permanent Secretary, the Operations Officer and three Experts in charge of the poles "Competitiveness of the production system and support to the private sector", "Improvement of the business environment and reduction of factor and transaction costs" and "Strategic watch and competitiveness observatory".

In setting them up, in the presence of the Minister of Agriculture and Rural Development and the Secretary of State at the Ministry of Mines, Industry and Technological Development, Paul TASONG recalled that the Competitiveness Committee is a structure of crucial importance for Cameroon's economic development. As a permanent framework for high-level consultation between the public and private sectors, this structure serves as an interface between public authorities and actors in the productive economy in order to find appropriate solutions to the obstacles that hinder the competitiveness of companies and the national economy.

For the MINDEL/MINEPAT, the appointment of these new officials to the Competitiveness Committee comes at a time when the government is firmly committed to the structural transformation of the national economy and the reduction of the balance of payments deficit. He asked the newly promoted to "resolutely invest in the development of effective strategies to make Cameroonian companies and the country's economy more competitive, and to meet the challenges of market opening, in particular through the Economic Partnership Agreements and the African Continental Free Trade Area, to which Cameroon is committed".

It should be noted that Fotie II Hermann, who replaces Lucien Sanzouango as Permanent Secretary, is a keen connoisseur of the national and international economic environment. A graduate of the Ecole nationale supérieure des statistiques et d'économie appliquée d'Abidjan (Côte d'Ivoire), he also holds a graduate degree in international economics and development from the Catholic University of Louvain in Belgium. At the professional level, the new Permanent Secretary has 21 years' rich experience in various fields related to the economy, with a focus on issues of competitiveness of the economy of Cameroon .