Cameroon: Request for an Arrangement under the Resilience and Sustainability Facility-Press Release; Staff Report; and Statement by the Executive Director for Cameroon

February 22, 2024

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Cameroon: Request for an Arrangement under the Resilience and Sustainability Facility-Press Release; Staff Report; and Statement by the Executive Director for Cameroon, (USA: International Monetary Fund, 2024) accessed November 23, 2024

Also available in: français

Summary

Climate change presents substantial risks for Cameroon. In addition to being the largest CEMAC economy with ample economic potential and abundant natural resources, Cameroon covers large areas of the Congo Basin rainforest, the second largest in the world. At the same time, the country is a fragile and conflict affected state (FCS), with a range of fragilities, including a high vulnerability to climate change. Climate risks are intensifying in Cameroon, with temperatures progressively rising, and a projected increase in days with heavy precipitation and higher frequency of extreme weather events, such as droughts, landslides, and floods. Climate change poses an imminent threat to livelihoods and could result in significant output losses, while worsening food insecurity and conflicts, and exacerbating poverty, inequality, and population displacements. This underscores the need to strengthen the country’s preparedness and resilience to ensure that climate change impact does not jeopardize human capital accumulation or inclusive growth.

Subject: Climate change, Climate policy, Environment, External debt, International organization, Monetary policy, Public debt

Keywords: Climate change, Climate policy, Global, IMF Resilience and Sustainability Facility, RSF arrangement, RSF Reform Measures, RSF reform package, RSF request

Publication Details

Pages:

102
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2024/053
Stock No:

1CMREA2024003
ISBN:

9798400268441
ISSN:

1934-7685

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