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Cameroon seeks Agoa reintegration to alleviate debt distress

By Yara Rizk, Yara Rizk

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Posted on April 18, 2023 11:46

© Alamine Ousmane Mey, Minister of Finance of Cameroon. Eric LARRAYADIEU for JA — Alamine Ousmane Mey, Minister of Finance of Cameroon. Eric LARRAYADIEU for JA

Excluded from the African Growth and Opportunity Fund (Agoa) in 2019, Cameroon has shown the willingness to be reintegrated into the US flagship trade initiative with Africa. The government says this move could allow the country to notably reduce its debt burden by boosting its exports.

Cameroon’s Minister of the Economy Alamine Ousmane Mey revealed the intention to rejoin Agoa at an event organised by the think tank Atlantic Council during the ongoing IMF and World Bank spring meetings in Washington.

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