Letter from Concerned Cameroonians Regarding the IMF-Sanctioned Privatization of the Cameroon Development Corporation (CDC)
"Unilateral privatization of the CDC without proper consultation of the people cannot provide a viable and sustainable solution to Cameroon's economic problems....
Leaders of our country are currently in the process of taking one of the most important decisions regarding the allocation of land since Kamerun became a German colony in 1884, and yet little effective effort has been made to consult the people and engage them in debate over this monumental decision.
We hope that the IMF will not unwittingly become a signatory to what is certain to become an important public policy fiasco. As an organization that supports and encourages transparency and accountability in all its dealings, we hope that the IMF will expect no less from Cameroon. The IMF must insist that proper consultation of the people, especially the relevant stakeholder groups, be undertaken before the future of this important agro-industrial complex is determined.