Cameroon: Fourth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, and Requests for Extension of Arrangement, Waiver of Performance Criterion, and Extension of Interim Assistance Under the Enhanced Initiative for Heavily Indebted Poor Countries

December 31, 2003

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Format: Chicago

Cameroon: Fourth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, and Requests for Extension of Arrangement, Waiver of Performance Criterion, and Extension of Interim Assistance Under the Enhanced Initiative for Heavily Indebted Poor Countries, (USA: International Monetary Fund, 2003) accessed November 23, 2024

Summary

Overall, the program's macroeconomic targets have been broadly met. The program embodies a renewed emphasis on the non-oil revenue mobilization effort and continuation of a prudent expenditure stance. Reversing the deterioration of the financial operations of the public companies and the utilities is critical. The key objective is strengthening fiscal transparency. Executive Directors welcome the government’s commitment to move forward with the implementation of structural reforms. Close and sustained monitoring, and enhanced coordination within the government, will be critical to the successful implementation of the program.

Subject: International organization, Monetary policy, Poverty, Public financial management (PFM)

Keywords: Africa, Budget classification, Budget planning and preparation, Draft Budget Appropriations Act, Government expenditure program, Larger-than-projected oil price, Oil revenue collection, Poverty reduction, Poverty reduction and development, Poverty reduction objective, Poverty reduction strategy, PRGF arrangement, Restructuring expenditure, Revenue performance

Publication Details

Pages:

118
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2003/401
Stock No:

1CMREA0032003
ISBN:

9781451808117
ISSN:

1934-7685

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