Cameroon: Staff Report for the 2002 Article IV Consultation, Third Review Under the Poverty Reduction and Growth Facility, and Request for a Waiver of Performance Criterion

International Monetary Fund

No 2002/258, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper evaluates Cameroon’s 2002 Article IV Consultation, Third Review Under the Poverty Reduction and Growth Facility (PRGF), and a Request for a Waiver of Performance Criterion. During the first half of the second annual program (October 2001–March 2002), economic activity expanded at a somewhat slower pace than projected, but continued to be strong. Although all the structural benchmarks were observed, the end-March 2002 performance criterion was missed. Good progress continued in implementing policies to strengthen non-oil revenue mobilization, and steps were taken to improve governance.

Keywords: ISCR; CR; PRGF loan; authority; PRGF arrangement; petroleum sector; Cameroon; fiscal year; Cameroonian authorities; macroeconomic policy convergence; Fiscal stance; Africa; Global (search for similar items in EconPapers)
Pages: 105
Date: 2002-11-22
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