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

International Monetary Fund

No 2009/065, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; government; PRGF arrangement; PRGF; priority spending; PRGF loan; government finance; executive board discussion; government deposit; Fiscal stance; Oil; gas and mining taxes; Credit; Structural reforms; Global (search for similar items in EconPapers)
Pages: 46
Date: 2009-02-20
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