Cameroon: Requests for Three-Year Arrangements Under the Extended Credit Facility and the Extended Fund Facility-Press Release; Staff Report; Staff Statement; and Statement by the Executive Director for Cameroon

August 10, 2021

Preview Citation

Format: Chicago

Cameroon: Requests for Three-Year Arrangements Under the Extended Credit Facility and the Extended Fund Facility-Press Release; Staff Report; Staff Statement; and Statement by the Executive Director for Cameroon, (USA: International Monetary Fund, 2021) accessed December 21, 2024

Also available in: français

Summary

Cameroon, the largest economy in the Central African Economic and Monetary Union (CEMAC), continues to face the repercussions of the COVID-19 pandemic. Since the onset of the pandemic, the IMF’s Executive Board has approved two disbursements under the Rapid Credit Facility (RCF) totaling SDR 276 million, about US$ 382 million or 100 percent of Cameroon’s quota. Cameroon’s last arrangement under the Extended Credit Facility (ECF) ended in September 2020, without completion of the sixth and final review. The authorities have requested new arrangements from the IMF to help maintain external sustainability, implement their ambitious reform agenda—laid out in the National Development Strategy for 2020-30 (SND30)—and catalyze financial support from other donors.

Subject: Credit, Debt sustainability analysis, External debt, Government debt management, International organization, Monetary policy, Money, Public debt, Public financial management (PFM)

Keywords: Audit bench, Budget bill, Credit, Debt sustainability analysis, Global, Government debt management, Reform agenda, Staff appraisal, Staff statement

Publication Details

Pages:

123
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2021/181
Stock No:

1CMREA2021001
ISBN:

9781513594002
ISSN:

1934-7685

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