Cameroon: First Review Under the Extended Credit Facility Arrangement Requests for Waiver of Nonobservance of a Performance Criterion and Modification of Performance Criteria-Press Release; Staff Report; Supplementary Information; and Statement by the Executive Director for Cameroon
January 16, 2018
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This paper discusses Cameroon’s First Review Under the Extended Credit Facility (ECF) Arrangement, Requests for Waiver of Nonobservance of a Performance Criterion (PC) and Modification of PCs. Cameroon’s performance under the three-year ECF-supported program approved in June has been satisfactory, with the fiscal and external adjustments contributing to the rebuilding of buffers. Growth in 2017–18 is expected to be somewhat weaker than anticipated in the program, declining to 3.7 percent in 2017 owing to lower oil production and tepid demand, with a recovery to 4.2 percent in 2018. The medium-term outlook remains positive, boosted by the coming on stream of large energy and transport infrastructure projects.
Subject: Budget planning and preparation, Fiscal consolidation, Fiscal policy, Fiscal stance, Public debt, Public financial management (PFM)
Keywords: Africa, arrangement under the Extended Credit Facility, Asia and Pacific, authority, Budget planning and preparation, CR, disbursement, disbursement of SDR, end-September IT, Europe, executive board discussion, financing, Fiscal consolidation, Fiscal stance, Global, ISCR, Middle East, program forecast
Pages:
88
Volume:
2018
DOI:
Issue:
009
Series:
Country Report No. 2018/009
Stock No:
1CMREA2018001
ISBN:
9781484337547
ISSN:
1934-7685
