National Development Strategy : The New Compass : comparemel

National Development Strategy : The New Compass


National Development Strategy : The New Compass
The strategy that covers the period 2020 to 2030 is the second phase toward attaining vision 2035 of making Cameroon an emergent nation.
The Head of State, President Paul Biya in his New Year message to the nation on December 31, 2020 stated that Cameroon’s economy has maintained a certain capacity to rebound despite difficulties. The new compass for the rebound and recovery, he said is the National Development Strategy (NDS) that replaces the Growth and Employment Strategy Paper (GESP) that ran from 2010 to 2019.Lire aussi : Bamenda: Ultra-Modern DDR Centre Ready For Use
According to President Biya, the National Development Strategy defines the main thrusts of the country’s planning up to 2030. The document draws lessons of the Growth and Employment Strategy Paper and sets new goals for period 2020 to 2030 with focus on structural transformation of the economy and inclusive development. Indeed, the National Development Strategy is the second phase of the 2035 vision.  Government in Vision 2035 intends to achieve close to double-digit economic growth rate, reach the 25 per cent threshold as the share of manufacturing production in GDP and to reduce significantly poverty by reducing its incidence to less than 10 per cent and consolidate the democratic process and strengthen national unity while respecting the country’s diversity. In order to maintain the course of emergence by 2035, “the National Development Strategy aims to carry out structural transformation of the economy by making fundamental changes in economic and social structures in order to promote endogenous, inclusive development while preserving opportunities for future generations,” government states in the document. Lire aussi : Régions militaires interarmées 2 et 5: En mode contrôle et évaluation

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