Cameroon: Staff Report for the 2009 Article IV Consultation and Request for disbursement Under the Rapid-Access Component of the Exogenous Shocks Facility
Volume/Issue:
Volume 2009
Issue 318
Publication date: November 2009
ISBN: 9781451808308
$18.00
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Topics covered in this book
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Taxation - General , Public Finance , Money and Monetary Policy , Economics- Macroeconomics , Exports and Imports , ISCR , CR , authority , debt relief , priority outlay , PRGF arrangement , oil price shock , IMF emergency , appreciation to staff , Debt sustainability analysis , Credit , Global
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.
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