Thursday, April 4, 2019

IMF mission expected in Cameroon from 23 April

A mission of the International Monetary Fund (IMF) is expected in Cameroon from April 23 to May 3, 2019 as part of the fourth review of the economic program of the Extended Credit Facility (ECF), was learned Thursday from concordant sources According to the Ministry of Finance (MINFI) and the Economy, Planning and Spatial Planning (MINEPAT) this mission will prepare a report to be presented to the IMF's Executive Board in June 2019.

A a step considered "important" by the Cameroonian authorities, especially since the three previous reviews were successful because, agreeing on the good performance of said program.

The head of mission of the IMF Corine Delechat had declared at the end of the third review from November 5 to 12, 2018 that the realization of this program was "satisfactory", before inviting the Cameroonian government to be more vigilant for more efficiency.

Since the beginning of the ECF in June 2017, Cameroon has already benefited from the International Monetary Fund, a cumulative envelope of 245 billion FCFA of a total of 396 billion FCFA covering the triennium 2017-2019.