IMF Staff Country Reports

Cameroon: 2023 Article IV Consultation, Fifth Reviews Under the Extended Credit Facility and the Extended Fund Facility Arrangements, and Requests for Extension and Augmentation of Access, a Waiver of Nonobservance of Performance Criterion, and Modification of a Performance Criterion-Press Release; Staff Report; Staff Statement; and Statement by the Executive Director for Cameroon

February 20, 2024

Download PDF Order a Print Copy
Order a Print Copy

Preview Citation

Format: Chicago

Cameroon: 2023 Article IV Consultation, Fifth Reviews Under the Extended Credit Facility and the Extended Fund Facility Arrangements, and Requests for Extension and Augmentation of Access, a Waiver of Nonobservance of Performance Criterion, and Modification of a Performance Criterion-Press Release; Staff Report; Staff Statement; and Statement by the Executive Director for Cameroon, (USA: International Monetary Fund, 2024) accessed November 23, 2024

Also available in: français

Summary

Cameroon’s economic recovery has continued against a backdrop of domestic security pressures, increased regional spillover risks, and continuing global economic uncertainties. Inflation remains high although decelerating, and while Cameroon is the largest CEMAC economy with ample economic potential, it is a fragile and conflictaffected state (FCS). Drivers of fragility include a high debt burden, institutional and governance weaknesses, internal divisions, social exclusion, insurgency, conflicts along borders, and a rising frequency of climate-related natural disasters. Political risks are increasing, with tensions around Presidential succession, and potential spillovers from the region. The IMF staff has prepared a country engagement strategy (CES), in collaboration with stakeholders and international partners, to assess the drivers of fragility and factors of resilience and inform the IMF’s ongoing and future engagement with Cameroon.

Subject: Debt sustainability, External debt, International organization, Monetary policy, Public debt, Public financial management (PFM), Revenue administration

Keywords: Africa, Central Africa, Corruption policy, Debt sustainability, EFF arrangement, Global, Governance vulnerability, Governance weakness, Government priority, Staff appraisal

Publication Details

  • Pages:

    155

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2024/051

  • Stock No:

    1CMREA2024001

  • ISBN:

    9798400268229

  • ISSN:

    1934-7685

You May Also Be Interested In...

Sierra Leone: Selected Issues

November 22, 2024

Sierra Leone: 2024 Article IV Consultation and Request for a 38-Month Arrangement Under the Extended Credit Facility-Press Release; Staff Report; Staff Statement; and Statement by the Executive Director for Sierra Leone

November 22, 2024

Implementing Risk-Based Solvency for Insurers—Lessons from Kenya, Mexico, and South Africa

November 22, 2024

The Role of Corporate Cash Holdings in the Transmission of Monetary Policy Tightening

November 22, 2024