Cameroon: Requests for Three-Year Arrangements Under the Extended Credit Facility and the Extended Fund Facility-Press Release; Staff Report; Staff Statement; and Statement by the Executive Director for Cameroon
IMF Staff Country Reports, August 10, 2021
Source details
- Canonical URL
- Cameroon: Requests for Three-Year Arrangements Under the Extended Credit Facility and the Extended Fund Facility-Press Release; Staff Report; Staff Statement; and Statement by the Executive Director for Cameroon
Other formats
Bibliographic details
- Published: August 10, 2021
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781513594002.002
Context and recent IMF support
- Cameroon is described as "the largest economy in the Central African Economic and Monetary Union (CEMAC)."
- The country "continues to face the repercussions of the COVID-19 pandemic."
- Since the onset of the pandemic, the IMF’s Executive Board has approved two disbursements under the Rapid Credit Facility (RCF) totaling SDR 276 million, about US$ 382 million or 100 percent of Cameroon’s quota.
- Cameroon’s last arrangement under the Extended Credit Facility (ECF) ended in September 2020, without completion of the sixth and final review.
Requests and objectives of new arrangements
- The authorities have requested new arrangements from the IMF with the following objectives:
- Help maintain external sustainability.
- Implement their ambitious reform agenda laid out in the National Development Strategy for 2020-30 (SND30).
- Catalyze financial support from other donors.
Subjects, keywords, and thematic focus
- Subjects listed: Credit, Debt sustainability analysis, External debt, Government debt management, International organization, Monetary policy, Money, Public debt, Public financial management (PFM).
- Keywords: audit bench, budget bill, Credit, Debt sustainability analysis, Global, Government debt management, reform agenda, staff appraisal, staff statement.
Publication and document metadata (as provided)
- Pages: 123
- Volume: 2021
- DOI: https://doi.org/10.5089/9781513594002.002
- Issue: 181
- Series: Country Report No. 2021/181
- Stock No: 1CMREA2021001
- ISBN: 9781513594002
- ISSN: 1934-7685
- Publication date on landing page: August 10, 2021
International Monetary Fund. African Dept. "Cameroon: Requests for Three-Year Arrangements Under the Extended Credit Facility and the Extended Fund Facility-Press Release; Staff Report; Staff Statement; and Statement by the Executive Director for Cameroon", IMF Staff Country Reports 2021, 181 (2021).
Content in this bundle
- 1cmrea2021001