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Cameroon: Requests for Three-Year Arrangements Under the Extended Credit Facility and the Extended Fund Facility-Press Release; Staff Report; Staff Statement; and Statement by the Executive Director for Cameroon

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  • International Monetary Fund

Abstract

Cameroon, the largest economy in the Central African Economic and Monetary Union (CEMAC), continues to face the repercussions of the COVID-19 pandemic. Since the onset of the pandemic, the IMF’s Executive Board has approved two disbursements under the Rapid Credit Facility (RCF) totaling SDR 276 million, about US$ 382 million or 100 percent of Cameroon’s quota. Cameroon’s last arrangement under the Extended Credit Facility (ECF) ended in September 2020, without completion of the sixth and final review. The authorities have requested new arrangements from the IMF to help maintain external sustainability, implement their ambitious reform agenda—laid out in the National Development Strategy for 2020-30 (SND30)—and catalyze financial support from other donors.

Suggested Citation

  • International Monetary Fund, 2021. "Cameroon: Requests for Three-Year Arrangements Under the Extended Credit Facility and the Extended Fund Facility-Press Release; Staff Report; Staff Statement; and Statement by the Executive Director f," IMF Staff Country Reports 2021/181, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2021/181
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    Cited by:

    1. Talknice Saungweme & Nicholas M. Odhiambo, 2021. "Inflation and Economic Growth in Kenya: An Empirical Examination," Advances in Decision Sciences, Asia University, Taiwan, vol. 25(3), pages 1-25, September.
    2. Talknice Saungweme & Nicholas M. Odhiambo, 2021. "Inflation and Economic Growth in Kenya: An Empirical Examination," Advances in Decision Sciences, Asia University, Taiwan, vol. 25(3), pages 1-25, September.
    3. Wa’ed Alshoubaki & Michael Harris, 2021. "Jordan's Public Policy Response to COVID-19 Pandemic: Insight and Policy Analysis," Public Organization Review, Springer, vol. 21(4), pages 687-706, December.
    4. Ramaharo, Franck M., 2021. "A simple macroeconomic framework for Madagascar," MPRA Paper 112092, University Library of Munich, Germany.
    5. Talknice Saungweme & Nicholas M. Odhiambo, "undated". "Inflation And Economic Growth In Kenya: An Empirical Examination," Working Papers AESRI04, African Economic and Social Research Institute (AESRI).

    More about this item

    Keywords

    audit bench; staff statement; reform agenda; staff appraisal; budget bill; Government debt management; Credit; Debt sustainability analysis; Global;
    All these keywords.

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