Monday , March 20 2023

Cameron: Welcome to IMF Financial Reduction


# Other countries International Monetary Fund satisfied with a third review of the 2017-2020 Strategic Plan As a result, CFFF will issue an additional 46 billion additional funds under Exclusive Credit Facility.

The third revision of the three-year economic program between Cameroon and the International Monetary Fund (IMF) has been resumed in 2017-2020. On Monday, November 12, in the capital Yuyne. It is in the presence of the Cameronan ministers dealing with finance and economy. The Coleman Delphat was led by the IMF representative team. A week after working in the closed room with the Cameron authorities, it was said to satisfy the journalists.

In 2018 we will have a gradual return on growth. In 2017 it was 3.8% from 2018 to 2018. From the beginning of the 46 billion CFA franchises or the 85 billion CFA franchise project, the year 240 billion CFA cumulative (…) continues to achieve 4.4% growth in 2019, "the IMF spokesperson said.

The performance of the Cameron economy is especially favored by the gradual recovery of performance indicators, the controlled inflation, the non-dynamic non-oil activity and the growth rate.

Also read: Cameron-IMF: Three-year project within the discussions

However, in order to maintain this course, the Labor government will continue to control the budget deficit, reduce state living standards and diversify the economy. Budget support is expected from other development partners, including World Bank (WBB), African Development Bank (AFDB) and French Development Agency (AFD). It will complete in June 2017. The economic program between Cameroon and the IMF is to implement Budget Reforms and 378 Billion CFAs. And for the global support of the franchises.

Following the release of the review after the presentation of the review of IMF's Executive Board in December, this extended credit facility was revealed by Cameron 286 billion CFAs. The franchises will be made available.

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