Cameroon: Staff Report for the 2002 Article IV Consultation, Third Review Under the Poverty Reduction and Growth Facility, and Request for a Waiver of Performance Criterion

November 22, 2002

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Cameroon: Staff Report for the 2002 Article IV Consultation, Third Review Under the Poverty Reduction and Growth Facility, and Request for a Waiver of Performance Criterion, (USA: International Monetary Fund, 2002) accessed November 24, 2024

Summary

This paper evaluates Cameroon’s 2002 Article IV Consultation, Third Review Under the Poverty Reduction and Growth Facility (PRGF), and a Request for a Waiver of Performance Criterion. During the first half of the second annual program (October 2001–March 2002), economic activity expanded at a somewhat slower pace than projected, but continued to be strong. Although all the structural benchmarks were observed, the end-March 2002 performance criterion was missed. Good progress continued in implementing policies to strengthen non-oil revenue mobilization, and steps were taken to improve governance.

Subject: Banking, Expenditure, External debt, Fiscal policy, Fiscal stance, Public debt, Public financial management (PFM)

Keywords: Africa, Authority, Cameroon, Cameroonian authorities, CR, Fiscal stance, Fiscal year, Global, ISCR, Macroeconomic policy convergence, Petroleum sector, PRGF arrangement, PRGF loan

Publication Details

Pages:

105
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2002/258
Stock No:

1CMREA0032002
ISBN:

9781451808100
ISSN:

1934-7685

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