Socio-Economic Implications of Covid-19 in Cameroon

Author
Dr. Fuein Vera Kum, Henri Kouam
Content Type
Special Report
Institution
The Nkafu Policy Institute
Abstract
The economic impact of COVID-19 will be broad-based, causing wages to fall due to social distancing and quarantine measures on the service sector. While communications and ICT-related sectors will be less affected, transport, entertainment and leisure sectors will be adversely affected, together with exports and domestic demand. Policymakers should utilise the $164 billion availed by international institutions to support SMEs and wages in the informal sector, whilst the 90 billion should be used in other to invest in the physical and digital infrastructure to support educational outcomes and employment over the medium term. Such actionable policies should accompany broader quarantine and social distancing measures.
Topic
Economics, Health, Macroeconomics, Pandemic, COVID-19
Political Geography
Africa, Cameroon