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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, Nonobservance of Performance Criteria, and Modification of Performance Criteria and a Reform Measure

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  • International Monetary Fund

Abstract

This paper highlights Cameroon’s Sixth Reviews Under the Extended Credit Facility (ECF) and the Extended Fund Facility (EFF) Arrangements, First Review Under the Resilience and Sustainability Facility (RSF) Arrangement, and Requests for Waivers of Applicability of Performance Criteria (PC), Nonobservance of Performance Criteria, and Modification of Performance Criteria and a Reform Measure. The authorities continue to make progress on Cameroon’s economic reform agenda. Going forward, the authorities should accelerate the reform agenda in public financial management, foster structural transformation, and advance climate change adaptation and mitigation efforts. The authorities have made commendable progress under the RSF, which is helping Cameroon integrate climate considerations into its institutional and regulatory frameworks and enhance its capacity to adapt and mitigate the effects of climate change. It is essential to maintain the reform momentum to further strengthen the institutional framework for climate policies, build resilience to climate shocks, and catalyze new investments from donors and the private sector.

Suggested Citation

  • International Monetary Fund, 2024. "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 Waiv," IMF Staff Country Reports 2024/237, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2024/237
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