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Showing posts from December 11, 2024

ENDING THE WAR IN CAMEROON VS THE IMPACT OF SUBSIDIES REMOVAL

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The  Cameroon government has recently cut fuel subsidies , a decision influenced by pressure from international donors, particularly the International Monetary Fund (IMF). This move is expected to lead to an increase in fuel prices, despite government assurances that prices will remain stable. The removal of subsidies is likely to exacerbate the already challenging economic conditions in Cameroon.  Fuel prices have nearly doubled in less than two years , contributing to rising inflation rates and increasing the cost of basic commodities. The government's financial strain is further compounded by the ongoing conflict in the northwest and southwest regions, which has necessitated significant military spending. In addition to the subsidy cuts, the government has implemented  repressive measures , such as imposing taxes on unemployed youths, which adds to the financial burden on citizens. This approach reflects the government's struggle to manage its finances amid rising debt...