Cameroon expects new XAF50 bln support from the IMF in the framework of the 3-year economic programme

Public management

Cameroon expects new XAF50 bln support from the IMF in the framework of the 3-year economic programme

Comments

- Wednesday, 30 October 2019 17:44

(Business in Cameroon) - If successful, the fifth review in the framework of Cameroon's economic and financial programme with the IMF, which ends on 8 November 2019, should lead to additional budget support amounting to XAF50 billion, according to credible sources.

This new support included, the overall budget support in the framework of that 3-year programme, signed by Cameroon and the IMF in 2017, will amount to nearly XAF300 billion.

In the framework of the programme, Cameroon is to receive a total of $667 million (close to XAF390 billion). This envelope does not include the funding it will receive from other international backers in connection with the said programme.

BRM

Follow @investcameroun

Amine Homman Ludiye: "Eneo doesn't have a shortage of skills problem, it has a cash problem..."

In less than ten months at the helm of Energy of Cameroon (Eneo), the Moroccan polytechnician has faced a number of crises against a backdrop of serious...

10 Million Cameroonians lived on less than $1.80 per day in 2022 (survey)

The 5th Cameroonian Household Survey (ECam5), published by the National Institute of Statistics (INS) on April 24, revealed that nearly two in five...

Noutchogouin Group inaugurates CFA5bn animal feed production plant in Yaoundé

noutchogouin-group-inaugurates-cfa5bn-animal-feed-production-plant-in-yaounde

Minister of Livestock, Fisheries, and Animal Industries (Minepia), Dr. Taïga, inaugurated a new modern and automated animal feed production plant in...

Cameron suspends vessel registrations amid 'ghost ship' concerns, aims for digitization

Cameroonian Transport Minister Jean Ernest Massena Ngalle Bibehe issued a statement on April 22 announcing the suspension of registrations for vessels...