32:, and loss of government revenue. The government of Cameroon acknowledged the crisis in 1987. Outside observers and critics blamed poor government stewardship of the economy. The government instead placed the blame on the fall of the prices of export commodities, particularly a steep drop in the price of
110:
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
71:
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
853:
111:
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.
107:
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.
1088:
1623:
1608:
1585:
91:. 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
1688:
1570:
1509:
1472:
1306:
1630:
1169:
1554:
1414:
1313:
234:
1421:
1264:
897:
1578:
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1465:
1348:
1341:
1285:
1278:
1146:
835:
1652:
1271:
524:
445:
1458:
1362:
1327:
1184:
1022:
517:
80:. The 1987–1988 budget reduced government spending by 18%, the first time in the country's history that the budget decreased.
1710:
1139:
1052:
801:
793:
1487:
756:
154:
1516:
1715:
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1451:
1103:
970:
720:
890:
502:
1292:
1066:
553:
1480:
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1257:
227:
1681:
1616:
1320:
1191:
1132:
985:
1383:
1227:
1220:
1177:
1125:
1059:
657:
1539:
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1205:
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1118:
1045:
1037:
1029:
406:
60:
1523:
1428:
1234:
912:
675:
128:
1638:
1562:
1334:
817:
220:
55:, offered to help the country, but Cameroon balked at their condition that the country follow strict
809:
1720:
1299:
962:
934:
771:
100:
1674:
1592:
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999:
600:
1667:
1369:
764:
615:
608:
560:
546:
262:
1599:
992:
846:
509:
491:
418:
397:
92:
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920:
532:
437:
429:
341:
88:
8:
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1110:
1015:
875:
727:
645:
479:
304:
21:
385:
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454:
355:
1436:
951:
946:
362:
334:
311:
243:
96:
29:
1396:
1246:
1081:
927:
883:
782:
283:
155:"Cameroon Overview of economy, Information about Overview of economy in Cameroon"
1161:
1073:
978:
348:
327:
104:
56:
24:
from the mid-1980s to the early 2000s. The crisis resulted in rising prices in
1704:
824:
749:
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735:
713:
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463:
320:
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37:
33:
255:
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40:
announced that "all our export commodities fell at the same time."
25:
68:
48:
44:
87:
rose as a result. Cameroon's plan also failed to rein in
561:
Post-Napoleonic Irish grain price and land use shocks
205:DeLancey, Mark W., and Mark Dike DeLancey (2000):
83:The measures met with international approval, but
63:(IMF). Instead, Cameroon formulated its own plan.
209:(3rd ed.). Lanham, Maryland: The Scarecrow Press.
207:Historical Dictionary of the Republic of Cameroon
1702:
1689:List of stock market crashes and bear markets
228:
235:
221:
186:
168:
149:
147:
145:
1510:2015–2016 Chinese stock market turbulence
129:"Cameroon Hit by Global Economic Crisis"
43:Cameroon's trade partners, particularly
142:
1703:
1415:Venezuelan banking crisis of 2009–2010
1185:South American economic crisis of 2002
1082:Black Wednesday (1992 Sterling crisis)
1466:2013 Chinese banking liquidity crisis
1422:2010–2014 Portuguese financial crisis
898:Secondary banking crisis of 1973–1975
216:
1496:Russian financial crisis (2014–2016)
1349:2008–2011 Icelandic financial crisis
1342:2008–2009 Ukrainian financial crisis
1307:2000s U.S. housing market correction
1147:1998–2002 Argentine great depression
242:
183:Quoted in DeLancey and DeLancey 104.
1653:2023–2024 Egyptian financial crisis
1488:Puerto Rican government-debt crisis
1481:2014–2016 Brazilian economic crisis
854:1963–1965 Indonesian hyperinflation
757:Shanghai rubber stock market crisis
446:Dutch Republic stock market crashes
13:
1459:2012–2013 Cypriot financial crisis
1363:2008–2014 Spanish financial crisis
1335:2008–2009 Russian financial crisis
1328:2008–2009 Belgian financial crisis
1023:1988–1992 Norwegian banking crisis
518:British credit crisis of 1772–1773
199:
121:
14:
1732:
1646:2023 United States banking crisis
1452:2011 Bangladesh share market scam
1140:1998–1999 Ecuador economic crisis
1104:Venezuelan banking crisis of 1994
1030:Japanese asset price bubble crash
971:Souk Al-Manakh stock market crash
721:Australian banking crisis of 1893
525:Dutch Republic financial collapse
503:Amsterdam banking crisis of 1763
1228:2007 Chinese stock bubble crash
554:Danish state bankruptcy of 1813
1609:Chinese property sector crisis
1517:2015–2016 stock market selloff
1445:August 2011 stock markets fall
1356:2008–2011 Irish banking crisis
1053:1990s Swedish financial crisis
802:Weimar Republic hyperinflation
177:
1:
1682:List of sovereign debt crises
1624:2022 Russian financial crisis
1321:2008 Latvian financial crisis
1314:U.S. bear market of 2007–2009
1192:Stock market downturn of 2002
1133:1998 Russian financial crisis
986:1983 Israel bank stock crisis
114:
1711:Economic history of Cameroon
1384:Greek government-debt crisis
1221:2004 Argentine energy crisis
1178:2001 Turkish economic crisis
1067:1990s Armenian energy crisis
1060:1990s Finnish banking crisis
921:1976 British currency crisis
891:1973–1974 stock market crash
95:program (SAP) loan from the
59:suggestions laid out by the
7:
1540:2017 Sri Lankan fuel crisis
1206:2003 Myanmar banking crisis
1199:2002 Uruguay banking crisis
1119:1997 Asian financial crisis
1046:1991 Indian economic crisis
1038:Rhode Island banking crisis
1008:Cameroonian economic crisis
794:Early Soviet hyperinflation
407:Crisis of the Third Century
103:, France, Germany, and the
61:International Monetary Fund
18:Cameroonian economic crisis
10:
1737:
1571:Sri Lankan economic crisis
1429:Energy crisis in Venezuela
1408:2009 Dubai debt standstill
1258:2007–2008 financial crisis
913:Latin American debt crisis
676:Paris Bourse crash of 1882
192:DeLancey and DeLancey 105.
174:DeLancey and DeLancey 104.
1662:
1639:2022 stock market decline
1631:Pakistani economic crisis
1617:2021–2023 inflation surge
1563:Lebanese liquidity crisis
1532:Venezuelan hyperinflation
1524:Brexit stock market crash
1473:Venezuela economic crisis
1395:
1245:
1235:Zimbabwean hyperinflation
945:
863:
834:
818:Wall Street Crash of 1929
781:
658:2nd Industrial Revolution
656:
592:
492:1st Industrial Revolution
490:
417:
395:
250:
1716:20th century in Cameroon
1300:Subprime mortgage crisis
963:Brazilian hyperinflation
935:Brazilian hyperinflation
772:Financial crisis of 1914
480:Mississippi bubble crash
101:African Development Bank
1675:List of economic crises
1593:2020 stock market crash
1586:Financial market impact
1555:Turkish economic crisis
1170:9/11 stock market crash
1126:October 1997 mini-crash
1097:1994 bond market crisis
1089:Yugoslav hyperinflation
1000:Savings and loan crisis
601:European potato failure
1668:List of banking crises
1437:Syrian economic crisis
1370:Blue Monday Crash 2009
979:Chilean crisis of 1982
810:ShĹŤwa financial crisis
616:Highland Potato Famine
472:South Sea bubble crash
263:Commodity price shocks
20:was a downturn in the
993:Black Saturday (1983)
847:Kennedy Slide of 1962
419:Commercial revolution
93:structural adjustment
1547:Ghana banking crisis
1377:European debt crisis
1162:Dot-com bubble crash
1074:Cuban Special Period
533:Copper Panic of 1789
438:The Great Debasement
430:Great Bullion Famine
1503:2015 Nepal blockade
1213:2000s energy crisis
1111:Mexican peso crisis
1016:Black Monday (1987)
876:1970s energy crisis
836:Post–WWII expansion
510:Bengal bubble crash
305:Financial contagion
22:economy of Cameroon
765:Panic of 1910–1911
609:Great Irish Famine
547:Panic of 1796–1797
386:Stock market crash
1698:
1697:
1579:COVID-19 pandemic
464:Tulip mania crash
455:Kipper und Wipper
432:(c. 1400–c. 1500)
76:enterprises were
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947:Great Moderation
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335:Liquidity crisis
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312:Social contagion
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244:Financial crises
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1721:Economic crises
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1397:Information Age
1391:
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1319:
1312:
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1247:Great Recession
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941:
933:
928:1979 oil crisis
926:
919:
911:
903:
896:
889:
884:1973 oil crisis
882:
874:
867:
865:Great Inflation
859:
852:
845:
838:
830:
823:
816:
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792:
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783:Interwar period
777:
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763:
755:
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284:Currency crisis
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200:Further reading
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67:lost access to
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1633:(2022–present)
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1611:(2020–present)
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1475:(2013–present)
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1439:(2011–present)
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1400:(2009–present)
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1265:September 2008
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1237:(2007–present)
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527:(c. 1780–1795)
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448:(c. 1600–1760)
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328:Hyperinflation
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105:United Kingdom
65:Civil servants
30:trade deficits
9:
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4:
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1294:
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1286:December 2008
1283:
1280:
1279:November 2008
1276:
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1020:
1017:
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1005:
1001:
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873:
872:
870:
866:
862:
855:
851:
848:
844:
843:
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837:
833:
826:
825:Panic of 1930
822:
819:
815:
811:
807:
803:
799:
795:
791:
790:
788:
784:
780:
773:
769:
766:
762:
758:
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750:Panic of 1907
747:
744:
743:Panic of 1901
740:
737:
736:Panic of 1896
733:
729:
725:
722:
718:
715:
714:Panic of 1893
711:
707:
703:
699:
698:Baring crisis
695:
691:
690:Arendal crash
687:
684:
683:Panic of 1884
680:
677:
673:
670:
669:Panic of 1873
666:
665:
663:
659:
655:
647:
643:
640:
639:Panic of 1866
636:
633:
632:Panic of 1857
629:
626:
625:Panic of 1847
622:
617:
613:
610:
606:
605:
602:
598:
597:
595:
591:
584:
583:Panic of 1837
580:
577:
576:Panic of 1825
573:
570:
569:Panic of 1819
566:
562:
558:
555:
551:
548:
544:
541:
540:Panic of 1792
537:
534:
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489:
481:
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431:
427:
426:
424:
420:
416:
408:
404:
403:
401:
399:
394:
387:
383:
380:
379:Social crisis
376:
373:
372:Minsky moment
369:
364:
360:
357:
353:
350:
346:
343:
339:
338:
336:
332:
329:
325:
322:
318:
313:
309:
308:
306:
302:
299:
298:Energy crisis
295:
292:
288:
285:
281:
278:
274:
271:
270:Credit crunch
267:
264:
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189:
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156:
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90:
86:
85:violent crime
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79:
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66:
62:
58:
54:
53:United States
50:
46:
41:
39:
35:
31:
27:
23:
19:
1272:October 2008
1154:Samba effect
1010:(1987–2000s)
1007:
905:Steel crisis
728:Black Monday
706:Encilhamento
646:Black Friday
453:
409:(235–284 CE)
277:Credit cycle
206:
188:
179:
170:
158:. Retrieved
132:. Retrieved
123:
109:
82:
57:cost cutting
42:
36:. President
17:
15:
1549:(2017–2018)
1534:(2016–2022)
1490:(2014–2022)
1250:(2007–2009)
1215:(2003–2008)
1164:(2000–2004)
1113:(1994–1996)
1091:(1992–1994)
1076:(1991–2000)
1040:(1990–1992)
1032:(1990–1992)
1002:(1986–1995)
965:(1982–1994)
955:(1982–2007)
937:(1980–1982)
915:(1975–1982)
907:(1973–1982)
878:(1973–1980)
868:(1973–1982)
839:(1945–1973)
804:(1921–1923)
796:(1917–1924)
786:(1918–1939)
708:(1890–1893)
661:(1870–1914)
603:(1845–1856)
563:(1815–1816)
512:(1769–1784)
495:(1760–1840)
458:(1621–1623)
440:(1544–1551)
422:(1000–1760)
321:Flash crash
291:Debt crisis
1705:Categories
342:Accounting
160:30 October
134:30 October
115:References
97:World Bank
89:corruption
78:privatised
74:parastatal
69:subsidised
51:, and the
1600:Recession
593:1840–1870
38:Paul Biya
34:petroleum
256:Bank run
26:Cameroon
356:Funding
349:Capital
49:Germany
1526:(2016)
1172:(2001)
1156:(1999)
973:(1982)
812:(1927)
759:(1910)
730:(1894)
700:(1890)
692:(1886)
648:(1869)
482:(1720)
474:(1720)
466:(1637)
363:Market
99:. The
45:France
1293:2009
398:1000
396:Pre-
162:2016
136:2016
16:The
1707::
144:^
47:,
28:,
949:/
236:e
229:t
222:v
164:.
138:.
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