Cameroon: Fifth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, Financing Assurances Review, and Requests for Waiver of Performance Criterion, Modification of Performance Criteria and Extension of Arrangement: Staff Report; Staff Supplement and Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Cameroon
August 12, 2008
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This paper discusses key findings of the Fifth Review Under the Poverty Reduction and Growth Facility (PRGF) for Cameroon. Non-oil economic activity accelerated somewhat in 2007, and inflation declined. However, rising food and fuel prices starting in late 2007, amidst discussions of possible changes to the constitution, led to violent social unrest in February 2008. Program implementation was satisfactory in the second half of 2007. Most quantitative targets, notably on the non-oil primary fiscal deficit, for end-December 2007, were also met.
Subject: External debt, Fiscal policy, Fiscal sustainability, Fuel prices, Prices, Public debt, Public financial management (PFM)
Keywords: CR, debt, Fiscal sustainability, food price index, Fuel prices, Global, government, government-private sector, ISCR, PRGF loan, priority spending, privatization program, staff appraisal, Sub-Saharan Africa
Pages:
82
Volume:
2008
DOI:
Issue:
279
Series:
Country Report No. 2008/279
Stock No:
1CMREA2008004
ISBN:
9781451808278
ISSN:
1934-7685
Notes
Also available in French
