Revamping the Cameroonian Economy :Actors concert

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Ils se sont réunis ce mardi 25 février 2020 à Yaoundé, à la faveur des travaux de la première session annuelle 2020 du Secrétariat Technique du Comité de Compétitivité, sous la présidence de Protais AYANGMA.

During the said deliberations, participants have inter alia taken ownership of the institution’s missions, the institution per say is an interface between the authorities and the productive economy actors to seek solutions to competitiveness of the economy and enterprises. They have also been educated on the situation of the Cameroonian economy competitiveness and the main obstacles to its prosperity. In the end, they have drafted the 2020 roadmap of the Competitiveness Committee.
This session is organized in the backdrop of an effort to boost the Competitiveness committee, materialized by the installation in October 2019 of a new support team at the Permanent Secretariat.
It should be recalled that in the current economic context, characterized by globalization and the intensification of competition, the improvement of competitiveness and attractiveness is one of the most promising development strategies for any country that aspires to emergence, and Cameroon is one of such countries. The recent country performances with regard to competitiveness and business climate are not to be commended. Indeed, in 2019, the World Economic Forum, which partners with the Competitiveness committee, produced a report which placed Cameroon at the 123rd rank on 141 on the word hit parade of countries competitiveness. Moreover, Cameroon occupies the 167th rank on 190 of the World Bank 2019 Doing Business. “This ranking is an ample testimony to the magnitude of challenges that Cameroon has to overcome in its walk towards emergence”, said Protais AYANGMA, Chair of the Competitiveness Committee Technical Secretariat, he also doubles  as the President of the “Mouvement des Entreprises du Cameroun”.