“… the World Bank is supporting the improvement of Cameroon’s competitiveness in energy, transport, and telecommunications, and is working to improve its business climate.” World Bank

Digital Infrastructure

The World Bank was  very critical about Cameroon’s governance finding it was weak.

It is the largest economy in the Central African States. 

Phones are widely available (90 percent) and Internet access is 30 percent.

The unbanked population is over 60 percent.

Monetary policy is controlled via the Bank of Central African States and the currency is pegged to the Euro.

Before CBDCs could be implemented  the digital infrastructure needs to be improved. The pegging to the Euros does mean the actual CBDC usage could follow the lead by the ECB.

 

 

By cryptorocks_editor

Editor.