10 Heavily Indebted Poor Countries

In this article, we’ll discuss the top 10 heavily indebted economies to understand what made them so economically bound. If you want more insights about foreign corporations’ role in these countries, read 30 Heavily Indebted Poor Countries.

10. Cameroon

External Debt Stocks: $16.003 billion 

GNI Per Capita: $4350

Below $2.15 Poverty Rate: 25.7%

Composite Ranking: 10 

With external debt stocks at $16.003 billion, Cameroon has an economy deeply tethered to crude oil and agriculture, resulting in fiscal volatility due to fluctuating commodity prices. While cash crops like cocoa, coffee, and cotton are significant for employment and export revenues, the country needs to focus on value addition to its exports to navigate economic challenges effectively.