Cameroon: Sixth Reviews Under the Extended Credit Facility and the Extended Fund Facility Arrangements, First Review under the Resilience and Sustainability Facility Arrangement, and Requests for Waivers of Applicability of Performance Criteria, Nonobservance of Performance Criteria, and Modification of Performance Criteria and a Reform Measure
IMF Staff Country Reports, July 22, 2024
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- Cameroon: Sixth Reviews Under the Extended Credit Facility and the Extended Fund Facility Arrangements, First Review under the Resilience and Sustainability Facility Arrangement, and Requests for Waivers of Applicability of Performance Criteria, Nonobservance of Performance Criteria, and Modification of Performance Criteria and a Reform Measure
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Bibliographic details
- Published: July 22, 2024
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798400283475.002
Overview and Key Findings
- The paper covers Cameroon’s Sixth Reviews under the Extended Credit Facility (ECF) and the Extended Fund Facility (EFF) Arrangements, the First Review under the Resilience and Sustainability Facility (RSF) Arrangement, and requests for waivers of applicability of performance criteria (PC), nonobservance of performance criteria, and modification of performance criteria and a reform measure.
- The authorities continue to make progress on Cameroon’s economic reform agenda.
- The authorities have made commendable progress under the RSF, which is helping Cameroon integrate climate considerations into its institutional and regulatory frameworks and enhance its capacity to adapt and mitigate the effects of climate change.
- It is essential to maintain reform momentum to:
- further strengthen the institutional framework for climate policies,
- build resilience to climate shocks,
- catalyze new investments from donors and the private sector.
Policy Recommendations and Reform Priorities
- Accelerate the reform agenda in public financial management.
- Foster structural transformation.
- Advance climate change adaptation and mitigation efforts.
- Maintain momentum under the RSF to consolidate institutional and regulatory changes and to enhance capacity for adaptation and mitigation.
Analysis Highlights
- RSF-supported reforms are central to integrating climate considerations in institutional and regulatory frameworks.
- Strengthening public financial management is identified as a priority to support broader economic reforms and donor/private-sector investment mobilization.
- Structural transformation is highlighted as necessary for sustainable economic progress.
Publication and Document Metadata
- Publication date: July 22, 2024
- Pages: 94
- Volume: 2024
- Issue: 237
- Series: Country Report No. 2024/237
- DOI: https://doi.org/10.5089/9798400283475.002
- Stock No: 1CMREA2024004
- ISBN: 9798400283475
- ISSN: 1934-7685
- Subject: Credit, Fiscal law, Fiscal policy, Fiscal stance, Money, Public debt
- Keywords: budget support loan, Credit, Ecf-EFF arrangement, Ecf-EFF review, ECF-EFF review, Fiscal law, Fiscal stance, Global, order basis
IMF Staff Country Reports — Cameroon: Sixth Reviews Under the Extended Credit Facility and the Extended Fund Facility Arrangements, First Review under the Resilience and Sustainability Facility Arrangement, and Requests for Waivers of Applicability of Performance Criteria, Nonobservance of Performance Criteria, and Modification of Performance Criteria and a Reform Measure (July 22, 2024).
Content in this bundle
- 1cmrea2024004