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The economic crises that is currently wreaking in the world hit Cameroon towards the end of 1985 – 1986. The Cameroon government, after implementing without success, an internal austerity programme negotiated and signed a stand-by agreement with the Bretton-Woods Institutions, whose principal objectives were to redress the major economic disequilibra and formulate the bases for a steady and sustained economic growth. This then led to a change in the policy strategy obliging the state to limit its role in the economic by adopting economic liberalisation measures such as the rehabilitation programme of public enterprises which took the form of liquidations, restructuring and most importantly privatisation. Based on the effective privatisation model, this article analyses the relations between the different privatisations realised and the changes observed in ownership and in the gains to the economy. Three questions are fundamental in this analysis. What were the major reasons for the sale of public enterprises? What preliminary assessment can be made of the privatisation operations so far effected? What are the necessary alternative reforms for a more cost-effective process?
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