Cameroon: Sixth Reviews Under the Extended Credit Facility and the Extended Fund Facility Arrangements, First Review under the Resilience and Sustainability Facility Arrangement, and Requests for Waivers of Applicability of Performance Criteria, Nonob

Sixth Reviews Under the Extended Credit Facility and the Extended Fund Facility Arrangements, First Review under the Resilience and Sustainability Facility Arrangement, and Requests for Waivers of Applicability of Performance Criteria, Nonobservance of Performance Criteria, and Modification of Performance Criteria and a Reform Measure

Author: International Monetary Fund. African Dept.

Volume/Issue: Volume 2024 Issue 237

Publication date: July 2024

ISBN: 9798400283475

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Exports and Imports , Finance , Economics- Macroeconomics , Money and Monetary Policy , Public Finance , budget support loan , Ecf-EFF arrangement , ECF-EFF review , order basis , Ecf-EFF review , Fiscal stance , Fiscal law , Credit , Global

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Summary

Economic recovery has continued in the face of successive external shocks. While global headwinds are moderating, domestic and regional risks may intensify with persisting security challenges and possible social tensions around Presidential elections expected in late 2025. Completion of the sixth reviews under the ECF and EFF arrangements will allow a disbursement of SDR 55.2 million (about US$73.8 million), and completion of the first review under the RSF arrangement will allow a disbursement of SDR 34.5 million (about US$46.1 million).