{
  "title": "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",
  "publication": "IMF Staff Country Reports, August 16, 2007",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/cameroon-2007-article-iv-consultation-third-review-under-the-three-year-arrangement-under-21270",
  "canonical": "https://www.imf.org/en/publications/cr/issues/2016/12/31/cameroon-2007-article-iv-consultation-third-review-under-the-three-year-arrangement-under-21270",
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  "summary": "This 2007 Article IV Consultation highlights that 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; and we",
  "sections": [
    {
      "heading": "Executive summary and outlook",
      "content": "- A number of factors have constrained Cameroon’s growth potential relative to the group of lower-middle-income economies, including:\n  - lower investment rate\n  - shallower financial depth\n  - less open trade\n  - weaker infrastructure and human capital base\n  - weaker business environment\n- Growth picked up somewhat in 2006, following a rebound in:\n  - construction activities\n  - oil output\n  - forestry production\n- The outlook for 2007 and the medium term is encouraging.\n- Economic activity is expected to pick up further in 2007, reflecting stronger performance in the forestry, construction and tertiary sectors."
    },
    {
      "heading": "Key findings and macroeconomic themes",
      "content": "- Growth dynamics:\n  - 2006: rebound driven by construction, oil, and forestry\n  - 2007: expected further pickup in activity, led by forestry, construction, and tertiary sectors\n- Structural constraints to growth:\n  - lower investment rate compared with peer lower-middle-income economies\n  - limited financial sector depth\n  - trade openness below comparator group\n  - deficiencies in infrastructure and human capital\n  - an unfavorable business environment"
    },
    {
      "heading": "Coverage and scope",
      "content": "- Publication Date: August 16, 2007\n- Pages: 111\n- Volume: 2007\n- Issue: 285\n- Series: Country Report No. 2007/285\n- DOI: https://doi.org/10.5089/9781451808216.002\n- Stock No: 1CMREA2007002\n- ISBN: 9781451808216\n- ISSN: 1934-7685"
    },
    {
      "heading": "Subjects and keywords",
      "content": "- Subject:\n  - Economic sectors\n  - Expenditure\n  - External debt\n  - Fiscal stance\n  - Oil prices\n  - Public debt\n  - Public enterprises\n  - Public financial management (PFM)\n- Keywords:\n  - Cameroonian authorities\n  - consumer price inflation\n  - CR\n  - debt relief\n  - Global\n  - government\n  - ISCR\n  - nonoil revenue collection\n  - Public enterprises\n  - staff appraisal\n  - Sub-Saharan Africa\n  - tracking expenditure\n\nInternational 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.\n\n---\n\n Content in this bundle\n\n- cr07285\n  - cr07285 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr07285 (PDF){rel=\"external\" type=\"application/pdf\"}\n- cr07285f\n  - cr07285f (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr07285f (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: August 16, 2007",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781451808216.002",
    "A number of factors have constrained Cameroon’s growth potential relative to the group of lower-middle-income economies, including:",
    "Growth picked up somewhat in 2006, following a rebound in:",
    "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.",
    "Growth dynamics:",
    "Structural constraints to growth:",
    "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",
    "Subject:",
    "Keywords:",
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