Cameroon: Staff Report for the 2005 Article IV Consultation and Staff-Monitored Program

IMF Staff Country Reports, May 19, 2005

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Tangible progress has been made in the health and education sectors.
A number of social indicators have improved significantly.
Deterioration in fiscal performance and related weaknesses in fiscal management could, in the longer term, threaten macroeconomic stability and debt sustainability.
Sustainable private sector growth requires the authorities to address:
- inadequate infrastructure,
- poor service delivery from troubled state enterprises,
- an investment climate overshadowed by poor governance,
- low levels of financial intermediation.

Strengthen fiscal management to reverse deterioration in fiscal performance and safeguard macroeconomic stability and debt sustainability.
Reform and improve governance of state enterprises to enhance service delivery and reduce fiscal risks.
Improve infrastructure and the investment climate to support sustainable private sector growth.
Enhance financial intermediation to mobilize domestic resources for investment.

Subject: Commodities, Economic sectors, Expenditure, Oil, Public debt, Public enterprises, Public financial management (PFM)
Keywords: appointed government, authority, budget execution report, cash position, CR, Global, government, government entity, ISCR, Nonoil revenue, Oil, Public enterprises, track-record SMP