Cameroon: Enhanced Heavily Indebted Poor Countries (HIPC) Initiative: Completion Point Document and Multilateral Debt Relief Initiative (MDRI)

Author: International Monetary Fund

Volume/Issue: Volume 2006 Issue 190

Publication date: May 2006

ISBN: 9781451808162

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Topics covered in this book

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Exports and Imports , ISCR , CR , net present value , Cameroonian authorities , discount rate , private sector , debt forgiveness , regulatory agency , lessee company , government program , structural adjustment , NPV terms , government action , personnel management , Debt relief , Debt service , Public and publicly-guaranteed external debt , Stocks , Budget planning and preparation , Africa , Global

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Summary

This paper on Cameroon’s Enhanced Heavily Indebted Poor Countries (HIPC) Initiative explains implementation of the poverty reduction strategy and macroeconomic performance. Executive Directors agreed that Cameroon’s external public debt was above the HIPC Initiative sustainability threshold, and the country was eligible for assistance in the amount of US$1.26 billion in 1999. Assuming prudent fiscal policies and robust non-oil real GDP growth, Cameroon’s external public debt is expected to be sustainable over the long term.