Cameroon: Review of the Staff-Monitored Program and Request for a Three-Year Arrangement under the Poverty Reduction and Growth Facility, and for Additional Interim Assistance under the Enhanced Heavily Indebted Poor Countries Initiative
November 18, 2005
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The staff report for the Review of the Staff-Monitored Program and Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility highlights economic developments and performance. Fiscal consolidation efforts were sustained, and public finances improved markedly in the first half of 2005, exceeding the Staff-Monitored Program (SMP) targets. IMF staff welcomes the improvements made in public financial management and urges the government to persist in its efforts. The government encountered some technical difficulties, but also was not able to fully implement other SMP commitments.
Subject: Asset and liability management, Debt relief, Expenditure, Oil prices, Oil, gas and mining taxes, Poverty, Poverty reduction strategy, Prices, Taxes
Keywords: amount, authorities' goal, CR, Debt relief, discussion of the request, gas and mining taxes, Global, government, government entity, government's budget, ISCR, Oil, Oil prices, performance track record, Poverty reduction strategy, PRGF-supported program, private sector
Pages:
114
Volume:
2005
DOI:
Issue:
413
Series:
Country Report No. 2005/413
Stock No:
1CMREA2005004
ISBN:
9781451808155
ISSN:
1934-7685
