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…

IMF Staff Concludes Visit to Cameroon

An International Monetary Fund (IMF) staff team, led by Corinne Deléchat, visited Yaoundé during August 22–29, 2017 to review recent economic developments and discuss the 2018 budget and medium-term budget framework. On June 26, 2017, the IMF Executive Board approved a three-year arrangement under the Extended Credit Facility (ECF) with…

IMF Executive Board Approves US$666.2 Million Arrangement Under the Extended Credit Facility for Cameroon

Cameroon’s ECF-supported program aims to restore the country’s fiscal and external sustainability and unlock job-rich, private sector-driven growth

Executive Board decision allows an immediate disbursement of SDR 124.2 million (about US$171.3 million) to Cameroon. Cameroon’s ECF-supported program aims to restore the country’s fiscal and external sustainability and unlock job-rich, private sector-driven growth. Reforms to maintain financial stability and boost financial inclusion, and address structural obstacles to competitiveness and…

IMF Hosts Conference on “Managing Capital Flows: Challenges for Developing Countries” in Zambia

The conference provided a forum for policy makers to share experiences on how best to reap the benefits from capital flows, while managing the risks

Participants agreed that capital flows to developing countries are generally beneficial—particularly in the current context of a much leaner environment—by providing an important source of financing for investments and by helping to maintain foreign exchange reserves. Participants agreed that (i) the composition of capital flows matters for financial stability and…

IMF Staff Initiates Discussion with Cameroon on an Economic Program Supported by the Fund

An International Monetary Fund (IMF) team, led by Ms. Corinne Deléchat, visited Yaoundé from February 20–March 6, 2017, to hold discussions toward a three-year economic and financial program for Cameroon

 IMF team and Cameroonian authorities discussed an economic program that would lay out a path to sustained economic recovery and higher, more inclusive growth  The team and authorities discussed measures to enhance the business environment to boost private sector investment and economic diversification  Discussions will continue to reach an understanding…

Statement by IMF Managing Director Christine Lagarde at the Conclusion of her Meetings with the Heads of States of Central Africa

Ms. Christine Lagarde, Managing Director of the International Monetary fund (IMF), issued the following statement today in Yaoundé after her participation to a Heads of States of Central summit: “Discussions during today’s summit in Yaoundé today have been very fruitful. We discussed the economic impact on the six Central African…