Cameroon: Second Review of the Three-Year Arrangement Under the Poverty Reduction and Growth Facility

International Monetary Fund

No 2007/129, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper discusses key findings of the Second Review of the Three-Year Arrangement Under the Poverty Reduction and Growth Facility for Cameroon. Economic activity is slowing, reflecting a weak business environment, stronger competition from low-cost producers of manufactured products, and reforms to foster sustainable forestry production. Higher world oil prices are leading to inflation pressures while contributing to an improvement in the fiscal position and external current account balance. Budget execution and implementation of structural measures related to public financial management were also satisfactory.

Keywords: ISCR; CR; government; nonoil revenue collection; customs management system; PRGF; report; staff appraisal; PRGF loan; PRGF arrangement; Oil; gas and mining taxes; Fiscal stance; Capital spending; Debt relief; Central Africa; Asia and Pacific (search for similar items in EconPapers)
Pages: 85
Date: 2007-03-27
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