Cameroon is a lower-middle-income country endowed with rich natural resources, including oil and gas, minerals, high-value species of timber, and agricultural products, such as coffee, cotton, cocoa, maize, and cassava.
Having enjoyed several decades of stability, for many years now Cameroon has been grappling with attacks by Boko Haram in the Far North and a secessionist insurgency in the Anglophone regions. Since September 2017, this situation has displaced more than 500,000 people internally. Figures from the UN Refugee Agency (HCR) show that Cameroon is currently hosting over 401,213 refugees, primarily from the Central African Republic and Nigeria.
The overall number of poor in Cameroon increased by 12% to 8.1 million between 2007 and 2014, and poverty is increasingly concentrated, with 56% of poor living in the northern regions (World Bank, 2019).
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