IMF REVIEW PROGRAM

The IMF Review Program Boss has lauded Cameroon’s Macro-economic Stability.

A delegation of the IMF on the 7th Review Program and 7th Review of the Extended Credit Facility (ECF) and Extended Fund Facility (EFF) and the, 2nd Review of the Resilience Sustainability Facility, have handed the outcome of their findings.

According to the head of the delegation, Camile Sancak, who shared with the Minister Delegate to the Minister of Finance, Yaouba Abdoulaye, and authorities of MINEPAT and the country Director General of BEAC, the findings are laudable, especially on the macro-economic front. She said that, one of the key objectives of the program is macro-economic stability, and the performance so far is good. She added that in terms of reform measures which will lead to increased growth, sustainable and increased growth for the country, some of the measures have been completed, and some of which are in the process are advancing. They discussed on how the authorities can implement the reform measures that will lead to better public financial management, better governance and in the end, sustainable development and improved growth for the country.

Some of the major projects reviewed included public financial management which is important both for good use of the country’s resources and for transparency with impact on both the public and private sectors. They also discussed measures in the public financial management area and some measures are broder on state owned enterprises, she added.