IMF Staff Country Reports

Cameroon: 2018 Article IV Consultation, Second Review Under the Extended Credit Facility Arrangement Requests for Waivers of Nonobservance of Performance Criteria and Modification of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Cameroon

July 23, 2018

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International Monetary Fund. African Dept. "Cameroon: 2018 Article IV Consultation, Second Review Under the Extended Credit Facility Arrangement Requests for Waivers of Nonobservance of Performance Criteria and Modification of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Cameroon", IMF Staff Country Reports 2018, 235 (2018), accessed 12/5/2025, https://doi.org/10.5089/9781484370179.002

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Summary

Cameroon’s macroeconomic performance has been mixed against the backdrop of slower economic activity and rising security concerns, with a weaker-than-envisaged fiscal consolidation in 2017. While external buffers are being rebuilt, the CEMAC’s recovery remains fragile. Renewed efforts to implement the fiscal consolidation and reform program will be essential to buttress external and fiscal sustainability and reinvigorate growth.

Subject: Arrears, Banking, Budget execution and treasury management, Budget planning and preparation, External debt, Public debt, Public financial management (PFM)

Keywords: Arrears, Budget execution and treasury management, Budget planning and preparation, CR, debt, ECF review, fiscal consolidation effort, Global, government, government invoice, IMF's ECF arrangement, ISCR, present value, revenue, revenue mobilization agenda, transformation agenda