IMF Staff Country Reports

Cameroon: 2023 Article IV Consultation, Fifth Reviews Under the Extended Credit Facility and the Extended Fund Facility Arrangements, and Requests for Extension and Augmentation of Access, a Waiver of Nonobservance of Performance Criterion, and Modification of a Performance Criterion-Press Release; Staff Report; Staff Statement; and Statement by the Executive Director for Cameroon

Publication Date:

February 20, 2024

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

Cameroon’s economic recovery has continued against a backdrop of domestic security pressures, increased regional spillover risks, and continuing global economic uncertainties. Inflation remains high although decelerating, and while Cameroon is the largest CEMAC economy with ample economic potential, it is a fragile and conflictaffected state (FCS). Drivers of fragility include a high debt burden, institutional and governance weaknesses, internal divisions, social exclusion, insurgency, conflicts along borders, and a rising frequency of climate-related natural disasters. Political risks are increasing, with tensions around Presidential succession, and potential spillovers from the region. The IMF staff has prepared a country engagement strategy (CES), in collaboration with stakeholders and international partners, to assess the drivers of fragility and factors of resilience and inform the IMF’s ongoing and future engagement with Cameroon.

Series:

Country Report No. 2024/051

Subject:

Debt sustainability External debt International organization Monetary policy Public debt Public financial management (PFM) Revenue administration

Frequency:

regular