Cameroon: Staff Report for the 2009 Article IV Consultation and Request for disbursement Under the Rapid-Access Component of the Exogenous Shocks Facility

Author: International Monetary Fund

Volume/Issue: Volume 2009 Issue 318

Publication date: November 2009

ISBN: 9781451808308

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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 , Economics- Macroeconomics , Money and Monetary Policy , Public Finance , Taxation - General , ISCR , CR , authority , debt relief , priority outlay , PRGF arrangement , oil price shock , IMF emergency , appreciation to staff , Debt sustainability analysis , Credit , Global

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Summary

This paper discusses a request from Cameroon for Disbursement Under the Rapid-Access Component of the Exogenous Shocks Facility (RAC-ESF). Despite improvements, the economy of Cameroon remains vulnerable to commodity shocks, especially from oil; and reducing poverty is a challenge. The authorities are eager to set the economy on a higher-growth path that can lower poverty. IMF staff welcomes the accelerated implementation of structural measures to increase the economy’s resilience to shocks. IMF staff supports the authorities’ request for the rapid-access component of the ESF.