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EAC, C, CEMAC, FAO, FZ, G-77, IAEA, IBRD, ICAO, ICC, ICCt (signatory), ICFTU, ICRM, IDA, IDB, IFAD, IFC, IFRCS, ILO, IMF, IMO, Interpol, IOC, ITU, MIGA, MONUC, NAM, OIC, OPCW, PCA, UN, UNCTAD, UNESCO, UNIDO, UNMIK, UPU, WCL, WCO, WFTU, WHO, WIPO, WMO, WToO, WTO Diplomatic representation in the US: chief of mission: Ambassador Jerome MENDOUGA chancery: 2349 Massachusetts Avenue NW, Washington, DC 20008 telephone: [1] (202) 265-8790 FAX: [1] (202) 387-3826 Diplomatic representation from the US: chief of mission: Ambassador George McDade STAPLES embassy: Rue Nachtigal, Yaounde mailing address: P. O. Box 817, Yaounde; pouch: American Embassy, Department of State, Washington, DC 20521-2520 telephone: [237] 223-05-12, 222-25-89, 222-17-94, 223-40-14 FAX: [237] 223-07-53 branch office(s): Douala Flag description: three equal vertical bands of green (hoist side), red, and yellow with a yellow five-pointed star centered in the red band; uses the popular pan-African colors of Ethiopia Economy Cameroon Economy - overview: 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, privatization, and poverty reduction programs. International oil and cocoa prices have considerable impact on the economy. GDP (purchasing power parity): $30.17 billion (2004 est.) GDP - real growth rate: 4.9% (2004 est.) GDP - per capita: purchasing power parity - $1,900 (2004 est.) GDP - composition by sector: agriculture: 43.7% industry: 20.1% services: 36.2% (2004 est.) Labor force: 6.68 million (2004 est.) Labor force - by occupation: agriculture 70%, industry and commerce 13%, other 17% Unemployment rate: 30% (2001 est.) Population below poverty line: 48% (2000 est.)
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