IMF Staff Country Reports

Cameroon: Sixth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, Request for Waiver of Performance Criterion, and Financing Assurances Review: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Cameroon.

February 20, 2009

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Cameroon: Sixth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, Request for Waiver of Performance Criterion, and Financing Assurances Review: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Cameroon., (USA: International Monetary Fund, 2009) accessed November 21, 2024

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Summary

The staff report examines Cameroon’s Sixth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Request for Waiver of Performance Criterion. The authorities stressed their interest in a successor IMF program to support Cameroon’s medium-term economic objectives. Sound oil revenue management helped contain money growth, and inflation remained generally low. The government significantly lowered its indebtedness to the banking system, which helped to contain money growth despite a large increase in international reserves.

Subject: Credit, Fiscal policy, Fiscal stance, Macrostructural analysis, Money, Oil, gas and mining taxes, Public financial management (PFM), Structural reforms, Taxes

Keywords: CR, Credit, Executive board discussion, Fiscal stance, Gas and mining taxes, Global, Government, Government deposit, Government finance, ISCR, Oil, PRGF, PRGF arrangement, PRGF loan, Priority spending, Structural reforms

Publication Details

  • Pages:

    46

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2009/065

  • Stock No:

    1CMREA2009002

  • ISBN:

    9781451808292

  • ISSN:

    1934-7685

Notes