## 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_

## Source details

**Canonical URL:** [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](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)

## Other formats

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## Bibliographic details
- Published: August 16, 2007
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451808216.002

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### 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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_Source: 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_