Cameroon: 2010: Article IV Consultation: Staff Report; Debt Sustainability Analysis; Staff Report Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Cameroon

IMF Staff Country Reports, August 4, 2010

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Cameroon: 2010: Article IV Consultation: Staff Report; Debt Sustainability Analysis; Staff Report Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Cameroon

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Bibliographic details

• Published: August 4, 2010
• Series: IMF Staff Country Reports
• DOI: https://doi.org/10.5089/9781455205776.002

Summary and key findings

• Cameroon showed incipient signs of recovery from the global financial crisis.
• Growth performance remained constrained under the Poverty Reduction Growth Facility (PRGF).
• Tax and customs administrations were strengthened.
• Macroeconomic stability was preserved.
• Debt relief under the Heavily Indebted Poor Countries (HIPC) and Multilateral Debt Relief Initiatives (MDRI) helped firm up debt sustainability.
• Executive Directors welcomed the new program aimed to accelerate growth through:
  • infrastructure development,
  • development of rural and mining sectors,
  • improvement in human resources,
  • regional integration,
  • export diversification.
• Executive Directors emphasized the need to maintain fiscal and financial stability to preserve economic growth.

Macroeconomic context and program focus

• Incipient recovery from the global financial crisis observed.
• Continued emphasis on preserving macroeconomic stability.
• Program under PRGF showing constrained growth performance but institutional strengthening in revenue administrations.

Debt sustainability and relief

• Debt relief measures cited:
  • Heavily Indebted Poor Countries (HIPC),
  • Multilateral Debt Relief Initiatives (MDRI).
• These initiatives are reported to have helped firm up debt sustainability.

Policy priorities and recommendations

• Accelerate growth through targeted investments and sector development:
  • infrastructure development,
  • development of rural and mining sectors,
  • improvement in human resources,
  • regional integration,
  • export diversification.
• Maintain fiscal and financial stability to preserve economic growth.

Publication and metadata

• Publication date: August 4, 2010
• Pages: 59
• Volume: 2010
• Issue: 259
• Series: Country Report No. 2010/259
• DOI: https://doi.org/10.5089/9781455205776.002
• Stock No: 1CMREA2010003
• ISBN: 9781455205776
• ISSN: 1934-7685
• Subjects: Budget planning and preparation, Expenditure, External debt, Public debt, Public financial management (PFM)
• Keywords: authority, budget, Budget planning and preparation, CR, financing gap, Global, government, government obligation, government-private sector dialogue, ISCR, real GDP, spending program, staff appraisal, Sub-Saharan Africa
• Language availability: Also available in French

International Monetary Fund. "Cameroon: 2010: Article IV Consultation: Staff Report; Debt Sustainability Analysis; Staff Report Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Cameroon", IMF Staff Country Reports 2010, 259 (2010).

Content in this bundle

• The Expenditure Chain and Arrears Issues
  • The Expenditure Chain and Arrears Issues (Markdown version)
  • The Expenditure Chain and Arrears Issues (PDF)
• _cr10259f
  • _cr10259f (Markdown version)
  • _cr10259f (PDF)