Cameroon reaches $74.6m staff-level agreement with IMF amid inflation | TheCable

The International Monetary Fund (IMF) has reached a staff-level agreement with Cameroon that will give the country access to $74.6 million in financing.

January 31, 2023 7:36 PM

An IMF team had visited Cameroon earlier in the month and also held virtual meetings to discuss progress made on reforms and policy priorities in the context of the third review of the programme, supported by extended credit facility and extended fund facility arrangements.

“Prolonged shortages and high prices of fertilizers have raised food security challenges. The mission welcomed the authorities’ efforts to ensure adequate supplies of fertilizer for the harvest, supported by the World Bank and African Development Bank.

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