Cameroon: First Review of the Three-Year Arrangement Under the Poverty Reduction and Growth Facility (PRGF)

International Monetary Fund

No 2006/231, IMF Staff Country Reports from International Monetary Fund

Abstract: Macroeconomic performance has been satisfactory, and program implementation under the Poverty Reduction and Growth Facility arrangement has also been good. The medium-term projections have been updated in anticipation of relief under the Multilateral Debt Relief Initiative (MDRI). Despite recent steps, governance remains weak. The slowdown in non-oil real growth is a cause for concern and calls for determined actions by the government. Relief under the enhanced Heavily Indebted Poor Countries Initiative and MDRI would reduce Cameroon’s debt to sustainable levels.

Keywords: ISCR; CR; PRGF; government; PRGF loan; PRGF arrangement; fiscal policy; poverty-reducing expenditure; authorities' intention; public enterprises member; Debt relief; Capital spending; Poverty reduction strategy; Oil; gas and mining taxes; Fiscal stance; Global; Sub-Saharan Africa (search for similar items in EconPapers)
Pages: 76
Date: 2006-06-16
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