Cameroon: 2021 Article IV Consultation and First Reviews Under the Extended Credit Facility and the Extended Fund Facility Arrangements and Requests for Waivers for Performance Criteria Applicability and Nonobservance and Modification Of Performance Criterion-Press Release; Staff Report; and Statement by the Executive Director for Cameroon
IMF Staff Country Reports, March 11, 2022
Source details
- Canonical URL
- Cameroon: 2021 Article IV Consultation and First Reviews Under the Extended Credit Facility and the Extended Fund Facility Arrangements and Requests for Waivers for Performance Criteria Applicability and Nonobservance and Modification Of Performance Criterion-Press Release; Staff Report; and Statement by the Executive Director for Cameroon
Other formats
Bibliographic details
- Published: March 11, 2022
- Series: IMF Staff Country Reports
Overview
- Cameroon is described as the largest economy in the Central African Economic and Monetary Union (CEMAC) and continues to face the repercussions of the COVID-19 pandemic.
- In July 2021 the IMF’s Executive Board approved three-year arrangements under the Extended Credit Facility (ECF) and the Extended Fund Facility (EFF) for SDR 483 million (about US$ 689.5 million, or 175 percent of Cameroon’s quota) to support the country’s economic and financial reform program.
- This approval followed two disbursements in 2020 under the Rapid Credit Facility (RCF) totaling SDR 276 million, equivalent to about US$382 million or 100 percent of Cameroon’s quota.
Financial support and IMF arrangements
- Approved arrangements: three-year ECF and EFF arrangements for SDR 483 million (about US$ 689.5 million, or 175 percent of Cameroon’s quota).
- Prior 2020 support: two disbursements under the RCF totaling SDR 276 million (equivalent to about US$382 million or 100 percent of Cameroon’s quota).
Subject areas and keywords
- Subject tags included: Auditing, COVID-19, External debt, Government debt management, Health, International organization, Monetary policy, Public debt, Public financial management (PFM).
- Keywords listed: Africa, AFRITAC mission, Auditing, capacity development strategy note update, commitment plan, convergence criterion, COVID-19, Global, government arrears, Government debt management, IMF arrangement, IMF team, Policy discussion.
Publication metadata and access
- Publication date: March 11, 2022
- Format noted: IMF Staff Country Reports 2022, 075 (2022)
- Pages: 148
- Volume: 2022
- Issue: 075
- Series: Country Report No. 2022/075
- Stock No: 1CMREA2022001
- ISBN: 9798400203985
- ISSN: 1934-7685
- The report is also available in français and can be accessed via the IMF eLibrary.
International Monetary Fund. African Dept. "Cameroon: 2021 Article IV Consultation and First Reviews Under the Extended Credit Facility and the Extended Fund Facility Arrangements and Requests for Waivers for Performance Criteria Applicability and Nonobservance and Modification Of Performance Criterion-Press Release; Staff Report; and Statement by the Executive Director for Cameroon", IMF Staff Country Reports 2022, 075 (2022).
Content in this bundle
- 1cmrea2022001