Cameroon: Sixth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, Request for Waiver of Performance Criterion, and Financing Assurances Review: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Cameroon.
February 20, 2009
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The staff report examines Cameroon’s Sixth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Request for Waiver of Performance Criterion. The authorities stressed their interest in a successor IMF program to support Cameroon’s medium-term economic objectives. Sound oil revenue management helped contain money growth, and inflation remained generally low. The government significantly lowered its indebtedness to the banking system, which helped to contain money growth despite a large increase in international reserves.
Subject: Credit, Fiscal policy, Fiscal stance, Macrostructural analysis, Money, Oil, gas and mining taxes, Public financial management (PFM), Structural reforms, Taxes
Keywords: CR, Credit, executive board discussion, Fiscal stance, gas and mining taxes, Global, government, government deposit, government finance, ISCR, Oil, PRGF, PRGF arrangement, PRGF loan, priority spending, Structural reforms
Pages:
46
Volume:
2009
DOI:
Issue:
065
Series:
Country Report No. 2009/065
Stock No:
1CMREA2009002
ISBN:
9781451808292
ISSN:
1934-7685
