Cameroon: Fourth Reviews Under the Extended Credit Facility and the Extended Fund Facility Arrangements, and Requests for Waiver for Nonobservance of Performance Criterion and Modification of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Cameroon

July 10, 2023

Preview Citation

Format: Chicago

Cameroon: Fourth Reviews Under the Extended Credit Facility and the Extended Fund Facility Arrangements, and Requests for Waiver for Nonobservance of Performance Criterion and Modification of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Cameroon, (USA: International Monetary Fund, 2023) accessed December 25, 2024

Also available in: français

Summary

Cameroon’s recovery has continued, despite security concerns and external risks, including tight global financial conditions and increased oil price volatility. Cameroon is a fragile and conflict affected state, with drivers of fragility ranging from insurgency and conflicts along its borders and in neighboring countries, to poor governance, social exclusion, and climate change. Nevertheless, economic prospects remain positive in the medium term, provided reforms continue, and the external environment is supportive. The three-year arrangements under the Extended Credit Facility (ECF) and the Extended Fund Facility (EFF) approved in July 2021 amount to SDR (Special Drawing Rights) 483 million (about US$689.5 million, or 175 percent of quota). Completion of the fourth review will allow a disbursement of SDR 55.2 million (about US$73.3 million).

Subject: Credit, Expenditure, Fuel prices, International organization, Monetary policy, Money, Prices, Public debt, Revenue administration

Keywords: Action plan item, Central Africa, Credit, EFF review discussion, Fuel prices, Global, Headline inflation, Money laundering offense, Terrorism financing risk

Publication Details

Pages:

84
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2023/251
Stock No:

1CMREA2023002
ISBN:

9798400246210
ISSN:

1934-7685

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