Cameroon: Seventh Reviews Under the Extended Arrangement Under the Extended Fund Facility and the Arrangement Under the Extended Credit Facility, Request for a Waiver of Applicability of Performance Criteria, and Second Review Under the Resilience and Sustainability Facility Arrangement-Press Release; Staff Report; and Statement by the Executive Director for Cameroon
IMF Staff Country Reports, March 24, 2025
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- Canonical URL
- Cameroon: Seventh Reviews Under the Extended Arrangement Under the Extended Fund Facility and the Arrangement Under the Extended Credit Facility, Request for a Waiver of Applicability of Performance Criteria, and Second Review Under the Resilience and Sustainability Facility Arrangement-Press Release; Staff Report; and Statement by the Executive Director for Cameroon
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Bibliographic details
- Published: March 24, 2025
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798229004961.002
Summary and key findings
- The paper presents Cameroon’s Seventh Reviews under the Extended Arrangement under the Extended Fund Facility (EFF) and the Arrangement under the Extended Credit Facility (ECF), Request for a Waiver of Applicability of Performance Criteria, and Second Review under the Resilience and Sustainability Facility (RSF) Arrangement.
- Cameroon’s economic recovery has continued, but growth remains subdued.
- The medium-term outlook remains broadly positive while the balance of risks is tilted to the downside.
- Program performance was broadly satisfactory.
- The ECF-EFF and RSF arrangements continue to support the authorities’ efforts to maintain macroeconomic stability, implement priority reforms, and advance the climate agenda to promote sustainable growth.
- Cameroon has made good progress under the RSF.
Economic outlook and risks
- Economic recovery has continued, but growth remains subdued.
- The medium-term outlook is broadly positive.
- The balance of risks is tilted to the downside.
Policy priorities and reforms
- Bolder action is needed to mobilize non-oil revenues.
- Mitigate financial sector vulnerabilities.
- Address governance and anti-corruption weaknesses.
- Maintain reform momentum and strengthen the institutional framework for climate policies to build resilience to climate shocks and catalyze new investments from donors and the private sector.
Program performance and financing arrangements
- Program performance was broadly satisfactory.
- The ECF-EFF and RSF arrangements continue to support the authorities’ efforts to:
- maintain macroeconomic stability;
- implement priority reforms;
- advance the climate agenda to promote sustainable growth.
RSF (Resilience and Sustainability Facility) progress
- Cameroon has made good progress under the RSF.
- It is essential to maintain reform momentum and strengthen the institutional framework for climate policies to:
- build resilience to climate shocks;
- catalyze new investments from donors and the private sector.
Content in this bundle
- 1cmrea2025001-print-pdf