Cameroon: 2007 Article IV Consultation, Third Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, Request for Waiver of Performance Criterion, Request for Modification of Performance Criterion, and Financing Assurances Review: Staff Report; Staff Supplement and Statement; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for Cameroon

IMF Staff Country Reports, August 16, 2007

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Cameroon: 2007 Article IV Consultation, Third Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, Request for Waiver of Performance Criterion, Request for Modification of Performance Criterion, and Financing Assurances Review: Staff Report; Staff Supplement and Statement; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for Cameroon

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Bibliographic details

• Published: August 16, 2007
• Series: IMF Staff Country Reports
• DOI: https://doi.org/10.5089/9781451808216.002

Executive summary and outlook

• A number of factors have constrained Cameroon’s growth potential relative to the group of lower-middle-income economies, including:
  • lower investment rate
  • shallower financial depth
  • less open trade
  • weaker infrastructure and human capital base
  • weaker business environment
• Growth picked up somewhat in 2006, following a rebound in:
  • construction activities
  • oil output
  • forestry production
• The outlook for 2007 and the medium term is encouraging.
• Economic activity is expected to pick up further in 2007, reflecting stronger performance in the forestry, construction and tertiary sectors.

Key findings and macroeconomic themes

• Growth dynamics:
  • 2006: rebound driven by construction, oil, and forestry
  • 2007: expected further pickup in activity, led by forestry, construction, and tertiary sectors
• Structural constraints to growth:
  • lower investment rate compared with peer lower-middle-income economies
  • limited financial sector depth
  • trade openness below comparator group
  • deficiencies in infrastructure and human capital
  • an unfavorable business environment

Coverage and scope

• Publication Date: August 16, 2007
• Pages: 111
• Volume: 2007
• Issue: 285
• Series: Country Report No. 2007/285
• DOI: https://doi.org/10.5089/9781451808216.002
• Stock No: 1CMREA2007002
• ISBN: 9781451808216
• ISSN: 1934-7685

Subjects and keywords

• Subject:
  • Economic sectors
  • Expenditure
  • External debt
  • Fiscal stance
  • Oil prices
  • Public debt
  • Public enterprises
  • Public financial management (PFM)
• Keywords:
  • Cameroonian authorities
  • consumer price inflation
  • CR
  • debt relief
  • Global
  • government
  • ISCR
  • nonoil revenue collection
  • Public enterprises
  • staff appraisal
  • Sub-Saharan Africa
  • tracking expenditure

International Monetary Fund. Cameroon: 2007 Article IV Consultation, Third Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, Request for Waiver of Performance Criterion, Request for Modification of Performance Criterion, and Financing Assurances Review: Staff Report; Staff Supplement and Statement; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for Cameroon. August 16, 2007. Country Report No. 2007/285. Pages: 111. DOI: https://doi.org/10.5089/9781451808216.002.

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