Cameroon: Staff Report for the Second Review Under the Poverty Reduction and Growth Facility Arrangement and Requests for a Waiver of Performance Criterion and for Additional Fund HIPC Interim Assistance
February 28, 2002
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This paper assesses Cameroon’s Second Review Under the Poverty Reduction and Growth Facility (PRGF) Arrangement and a Request for a Waiver of Performance Criterion. Cameroon’s good record of macroeconomic performance continued during the first annual program (October 2000–September 2001) under the new three-year PRGF arrangement. The structural reform process progressed further—albeit at a slow pace. Progress in implementing structural reforms slowed during the second half of the first annual program. The pace of economic activity was broadly in line with the envisaged real GDP growth of 5.3 percent.
Subject: Banking, Credit, Expenditure, External debt, Fiscal policy, Fiscal stance, Poverty, Poverty reduction strategy, Public financial management (PFM)
Keywords: Africa, Cameroon's performance, CR, executive board's discussion, financial conditions, Fiscal stance, government, ISCR, payroll file, Poverty reduction strategy, PRGF, PRGF arrangement
Pages:
89
Volume:
2002
DOI:
Issue:
032
Series:
Country Report No. 2002/032
Stock No:
1CMREA0012002
ISBN:
9781451808049
ISSN:
1934-7685
