Cameroon: Fourth Reviews Under the Extended Credit Facility and the Extended Fund Facility Arrangements, and Requests for Waiver for Nonobservance of Performance Criterion and Modification of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Cameroon
IMF Staff Country Reports, July 10, 2023
Source details
- Canonical URL
- Cameroon: Fourth Reviews Under the Extended Credit Facility and the Extended Fund Facility Arrangements, and Requests for Waiver for Nonobservance of Performance Criterion and Modification of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Cameroon
Other formats
Bibliographic details
- Published: July 10, 2023
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798400246210.002
Economic performance and near-term projections
- Growth estimated at 3.8 percent in 2022.
- Real gross domestic product growth expected to reach 4 percent in 2023.
- Growth supported mainly by non-oil production.
Medium-term outlook and projections
- Medium-term outlook described as positive, conditional on continued reforms and a supportive external environment.
- Real gross domestic product growth expected to average 4.4 percent in the medium term.
Policy challenges and recommended reforms
- Sustained reforms needed to:
- Create additional fiscal space for productive investment and social spending.
- Maintain debt sustainability.
- Boost Cameroon’s growth and resilience.
- Further measures recommended to improve the business climate, including:
- Strengthening financial sector stability.
- Strengthening financial inclusion.
Thematic coverage (subjects and keywords included in the paper)
- Subject areas: Credit, Expenditure, Fuel prices, International organization, Monetary policy, Money, Prices, Public debt, Revenue administration.
- Keywords: action plan item, Central Africa, Credit, EFF review discussion, Fuel prices, Global, headline inflation, money laundering offense, terrorism financing risk.
Content in this bundle
- 1. Real Sector Developments, 2017– 23