Cameroon: Selected Issues

International Monetary Fund

No 2015/332, IMF Staff Country Reports from International Monetary Fund

Abstract: This Selected Issues paper examines recent performance and reform agenda for Cameroon’s state-owned enterprises (SOEs). Cameroon’s SOEs are important providers of formal employment and have a large weight in the economy. The profitability and financial autonomy of SOEs have deteriorated in recent years, draining scarce budget resources. In addition, SOEs have amassed significant contingent liabilities in the form of debt and arrears. Weak corporate governance is a key factor in SOEs’ poor performance. The reform agenda should include enhancing the monitoring of SOEs, improving disclosure of their contingent liabilities, and strengthening their governance.

Keywords: ISCR; CR; price; SOEs; government; SONARA; SOE activity; accounts receivables data point; government transfer; change rule; SOE profitability; SOE value; equalization board; price-smoothing mechanism; cost base; SOE debt; SOE Arrears; Oil prices; Contingent liabilities; Public enterprises; Inflation; Energy subsidies; Global (search for similar items in EconPapers)
Pages: 23
Date: 2015-12-03
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Citations: View citations in EconPapers (1)

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