Cameroon: Staff Report for the 2012 Article IV Consultation
IMF Staff Country Reports, August 13, 2012
Source details
- Canonical URL
- Cameroon: Staff Report for the 2012 Article IV Consultation
Other formats
Bibliographic details
- Published: August 13, 2012
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781475506297.002
Summary findings
- Despite achieving macroeconomic stability, there is not much improvement in Cameroon's social indicators.
- Problems in sectors such as infrastructure, a reduction in per capita income, and mounting costs of fuel subsidies should be attended to to achieve higher and more inclusive growth.
- Due diligence should be exercised to control the expenditure chain and to better track the flow of funds.
- Better cooperation between national and regional bodies should be initiated for financial stability.
Major themes and analysis
- Macroeconomic performance
- Macroeconomic stability has been achieved, but social indicators show limited improvement.
- Growth constraints
- Infrastructure sector problems are identified as a constraint on higher and more inclusive growth.
- A reduction in per capita income is highlighted as an issue for welfare and growth.
- Fiscal pressures and subsidies
- Mounting costs of fuel subsidies are noted as a fiscal concern requiring attention.
- Recommendations stress exercising due diligence to control the expenditure chain and better track the flow of funds.
- Financial stability and institutions
- The report calls for better cooperation between national and regional bodies to support financial stability.
Policy recommendations
- Address infrastructure sector bottlenecks to support higher and more inclusive growth.
- Tackle the reduction in per capita income through policies that promote inclusive growth.
- Reform or better manage fuel subsidies to contain mounting fiscal costs.
- Improve expenditure controls and tracking to exercise due diligence over the expenditure chain.
- Strengthen cooperation between national and regional bodies to enhance financial stability.
Subjects and keywords (as listed)
- Subject: Arrears, Energy subsidies, Expenditure, External debt, Public debt, Public financial management (PFM)
- Keywords: Arrears, Cameroon, CR, debt, debt ratio, economic growth performance, Energy subsidies, executive board assessment, financing gap, Global, IMF disbursement, IMF's effort, Institut National de la Statistique du Cameroun, ISCR, oil revenue windfall, real GDP, risk of debt distress
Cameroon: Staff Report for the 2012 Article IV Consultation — August 13, 2012.
Content in this bundle
- Cameroon: 2012 Article IV consultation; IMF Staff Report 12/237; June 27, 2012
- Cameroun: Consultations de 2012 au titre de l'article IV; Rapport du FMI no. 12/237; juin 27, 2012