International Monetary Fund (IMF) Reaches Staff-Level Agreement with Cameroon on the Fourth Reviews of the Extended Credit Facility and the Extended Fund Facility

The mission has reached staff-level agreement with the Cameroonian authorities on the economic and financial policies that could support the approval of the fourth reviews of the program under the ECF and EFF arrangements

IMF staff and the Cameroonian authorities have reached staff-level agreement on economic policies to conclude the fourth reviews of the three-year program under the ECF and EFF arrangements. Cameroon will have access to SDR 55.2 million (about US$73.8 million) in financing once the review is formally completed by the IMF…

Statement by International Monetary Fund (IMF) Deputy Managing Director Kenji Okamura at the Conclusion of Meetings with the Cameroon and with the Central African Economic and Monetary Community (CEMAC) Authorities

Structural reforms, such as improving the business climate and strengthening financial inclusion, governance, and anti-corruption can unlock Cameroon’s growth potential

Mr. Kenji Okamura, Deputy Managing Director of the International Monetary Fund (IMF), issued the following statement in Yaoundé at the conclusion of his meetings with the Cameroon and with the Central African Economic and Monetary Community (CEMAC) authorities on March 15-16, 2023: “It was a great pleasure to visit Cameroon…

International Monetary Fund (IMF) Staff and the Cameroonian Authorities have Reached Staff-Level Agreement on the Third Review of the Extended Credit Facility and Extended Fund Facility for Cameroon

The mission also met with representatives of development partners, the diplomatic community, the private sector, civil society, and unions

End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. Based on the preliminary findings of this…

IMF Staff Completes Mission for the 2021 Article IV Consultation and First Reviews of the Extended Credit Facility and Extended Fund Facility for Cameroon

The IMF team has reached a staff-level agreement with the Cameroonian authorities on the economic and financial policies

An IMF staff team has reached staff-level agreement with the authorities on policies that could support the Executive Board’s approval of the First Review; Growth starts to recover from the slowdown in Q2-2020, reflecting stronger domestic demand and supported by the global recovery. Medium term economic prospects are positive but with…

International Monetary Fund (IMF) Staff completes Review Mission to Central African Republic

Welcomes the progress made in the fight against the Covid-19 pandemic

The IMF team welcomes the progress made in the fight against the Covid-19 pandemic and the preparation of next December’s presidential and legislative elections; the pandemic and the containment measures have had a significant impact on growth, inflation, and public finances; the Central African authorities and the IMF team discussed…

Coronavirus – Cameroon: International Monetary Fund (IMF) Executive Board Approves a US$226 million Disbursement to Cameroon to Address the impact of the COVID-19 Pandemic

The outbreak of the COVID-19 pandemic and the terms of trade shocks from the sharp fall in oil prices are having a significant impact on Cameroon’s economy

The IMF approved a disbursement under the Rapid Credit Facility (RCF) of US$ 226 million to support the authorities’ efforts in addressing Cameroon’s urgent balance of payment needs stemming from the COVID-19 pandemic and the terms of trade shocks from the sharp fall in oil prices; The IMF also approved…

IMF Executive Board Completes Fourth Extended Credit Facility (ECF) Review for Cameroon and Approves US$76.2 Million Disbursement

The completion of the review enables the disbursement of SDR 55.2 million (about US$76.2 million)

The Executive Board of the International Monetary Fund (IMF) completed the fourth review of the arrangement under the Extended Credit Facility (ECF) for Cameroon on July 17, 2019. The completion of the review enables the disbursement of SDR 55.2 million (about US$76.2 million), bringing total disbursements under the arrangement to…

International Monetary Fund (IMF) Staff Completes Mission to the Central African Republic

C.A.R.’s macroeconomic performance remains favorable with increasing economic growth and contained inflation

The recent peace agreement is a unique opportunity to improve the Central African Republic’s (C.A.R.) security and create the conditions for sustained and inclusive growth, poverty reduction, and job creation; good progress was made in discussions with the authorities on economic and financial policies that could support completion of the…

International Monetary Fund (IMF) Executive Board Completes Third Review of the Extended Credit Facility Arrangement for Cameroon

Cameroon to receive the fourth US$76.3 million disbursement from International Monetary Fund (IMF)

Program performance has improved, with progress in delayed structural reforms; fund supported program aims to restore Cameroon’s and CEMAC’s external and fiscal sustainability and to encourage growth. The Executive Board of the International Monetary Fund (IMF) today completed the third review of the arrangement under the Extended Credit Facility (ECF)…

Statement by IMF Deputy Managing Director Mitsuhiro Furusawa at the Conclusion of a Visit to Cameroon

Maintaining economic stability while making the transition toward a more inclusive and sustainable high growth will be key. Discussions focused on policies available for the authority to complete ongoing infrastructure projects and address bottlenecks in projects preparation. Strong ownership and steadfast implementation of the country's economic reform program supported by…