{
  "title": "Cameroon: Requests for Three-Year Arrangements Under the Extended Credit Facility and the Extended Fund Facility-Press Release; Staff Report; Staff Statement; and Statement by the Executive Director for Cameroon",
  "publication": "IMF Staff Country Reports, August 10, 2021",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2021/08/10/cameroon-requests-for-three-year-arrangements-under-the-extended-credit-facility-and-the-463635",
  "canonical": "https://www.imf.org/en/publications/cr/issues/2021/08/10/cameroon-requests-for-three-year-arrangements-under-the-extended-credit-facility-and-the-463635",
  "overlayPath": "/en/publications/cr/issues/2021/08/10/cameroon-requests-for-three-year-arrangements-under-the-extended-credit-facility-and-the-463635/index.md",
  "summary": "Cameroon, the largest economy in the Central African Economic and Monetary Union (CEMAC), continues to face the repercussions of the COVID-19 pandemic.",
  "sections": [
    {
      "heading": "Context and recent IMF support",
      "content": "- Cameroon is described as \"the largest economy in the Central African Economic and Monetary Union (CEMAC).\"\n- The country \"continues to face the repercussions of the COVID-19 pandemic.\"\n- Since the onset of the pandemic, the IMF’s Executive Board has approved two disbursements under the Rapid Credit Facility (RCF) totaling SDR 276 million, about US$ 382 million or 100 percent of Cameroon’s quota.\n- Cameroon’s last arrangement under the Extended Credit Facility (ECF) ended in September 2020, without completion of the sixth and final review."
    },
    {
      "heading": "Requests and objectives of new arrangements",
      "content": "- The authorities have requested new arrangements from the IMF with the following objectives:\n  - Help maintain external sustainability.\n  - Implement their ambitious reform agenda laid out in the National Development Strategy for 2020-30 (SND30).\n  - Catalyze financial support from other donors."
    },
    {
      "heading": "Subjects, keywords, and thematic focus",
      "content": "- Subjects listed: Credit, Debt sustainability analysis, External debt, Government debt management, International organization, Monetary policy, Money, Public debt, Public financial management (PFM).\n- Keywords: audit bench, budget bill, Credit, Debt sustainability analysis, Global, Government debt management, reform agenda, staff appraisal, staff statement."
    },
    {
      "heading": "Publication and document metadata (as provided)",
      "content": "- Pages: 123\n- Volume: 2021\n- DOI: https://doi.org/10.5089/9781513594002.002\n- Issue: 181\n- Series: Country Report No. 2021/181\n- Stock No: 1CMREA2021001\n- ISBN: 9781513594002\n- ISSN: 1934-7685\n- Publication date on landing page: August 10, 2021\n\nInternational Monetary Fund. African Dept. \"Cameroon: Requests for Three-Year Arrangements Under the Extended Credit Facility and the Extended Fund Facility-Press Release; Staff Report; Staff Statement; and Statement by the Executive Director for Cameroon\", IMF Staff Country Reports 2021, 181 (2021).\n\n---\n\n Content in this bundle\n\n- 1cmrea2021001\n  - 1cmrea2021001 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - 1cmrea2021001 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: August 10, 2021",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781513594002.002",
    "Cameroon is described as \"the largest economy in the Central African Economic and Monetary Union (CEMAC).\"",
    "The country \"continues to face the repercussions of the COVID-19 pandemic.\"",
    "Since the onset of the pandemic, the IMF’s Executive Board has approved two disbursements under the Rapid Credit Facility (RCF) totaling SDR 276 million, about US$ 382 million or 100 percent of Cameroon’s quota.",
    "Cameroon’s last arrangement under the Extended Credit Facility (ECF) ended in September 2020, without completion of the sixth and final review.",
    "The authorities have requested new arrangements from the IMF with the following objectives:",
    "Subjects listed: Credit, Debt sustainability analysis, External debt, Government debt management, International organization, Monetary policy, Money, Public debt, Public financial management (PFM).",
    "Keywords: audit bench, budget bill, Credit, Debt sustainability analysis, Global, Government debt management, reform agenda, staff appraisal, staff statement.",
    "Pages: 123",
    "Volume: 2021",
    "DOI: https://doi.org/10.5089/9781513594002.002",
    "Issue: 181",
    "Series: Country Report No. 2021/181",
    "Stock No: 1CMREA2021001",
    "ISBN: 9781513594002",
    "ISSN: 1934-7685",
    "Publication date on landing page: August 10, 2021",
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