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Reuters
Reuters
Business

Cameroon aims to boost export revenues, rejoin AGOA - minister

FILE PHOTO: Janet Yellen chats with Cameroon's Alamine Ousmane Mey before the start of the International Monetary and Financial Committee (IMFC) meeting, as part of the IMF and World Bank's 2017 Annual Spring Meetings, in Washington, U.S., April 22, 2017. REUTERS/Mike Theiler/File Photo

Cameroon is working to boost export revenues to fend off a potential debt crisis and has relaunched talks with the U.S. to rejoin Washington's flagship trade initiative with Africa, its economy minister said on Monday.

The economic fallout from the COVID-19 pandemic and the subsequent global shocks provoked by the war in Ukraine have hit African countries hard, denting economic growth and aggravating their sovereign debt positions.

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