Cameroon: First Review of the Three-Year Arrangement Under the Poverty Reduction and Growth Facility (PRGF)

June 16, 2006

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Format: Chicago

Cameroon: First Review of the Three-Year Arrangement Under the Poverty Reduction and Growth Facility (PRGF), (USA: International Monetary Fund, 2006) accessed November 21, 2024

Summary

Macroeconomic performance has been satisfactory, and program implementation under the Poverty Reduction and Growth Facility arrangement has also been good. The medium-term projections have been updated in anticipation of relief under the Multilateral Debt Relief Initiative (MDRI). Despite recent steps, governance remains weak. The slowdown in non-oil real growth is a cause for concern and calls for determined actions by the government. Relief under the enhanced Heavily Indebted Poor Countries Initiative and MDRI would reduce Cameroon’s debt to sustainable levels.

Subject: Asset and liability management, Capital spending, Debt relief, Expenditure, Fiscal policy, Fiscal stance, Oil, gas and mining taxes, Poverty, Poverty reduction strategy, Taxes

Keywords: Authorities' intention, Capital spending, CR, Debt relief, Fiscal policy, Fiscal stance, Gas and mining taxes, Global, Government, ISCR, Oil, Poverty reduction strategy, Poverty-reducing expenditure, PRGF, PRGF arrangement, PRGF loan, Public enterprises member, Sub-Saharan Africa

Publication Details

Pages:

76
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2006/231
Stock No:

1CMREA2006002
ISBN:

9781451808179
ISSN:

1934-7685

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