An International Monetary Fund (IMF)
delegation met top government officials on Monday 12 November to review the country's economic evolution. Led by its mission head,
Mario de Zamaroczy, the delegation comes six months after the
last visit during which the IMF made various propositions: asking
Cameroon to adjust some aspects of its economic policies to ensure
growth. The members met Minister of Finance Alamine Ousmane
Mey and Minister of Economy, Planning and Regional Planning
Emmanuel Nganou Djoumessi.
During the next two weeks, the IMF will examine the execution
of Cameroon's 2012 state budget for the period January to October. It
will also examine the prospects of the country's 2013 budget, the
balance of payments, the banking and financial sectors, the
state of the economy and what the government has done to improve on
it.
After his meeting with the ministers, Zamaroczy told reporters:
“The cluster of propositions we made during our last visit to the
government was aimed at seeing how the government was
progressing with economic growth, pare down the financial
sector, increase returns and better manage spending.” According to
Ousamane Mey, the economy “is on a good footing”, growth was
above 5% and inflation has stabilised at below 3%.
For more news and expert analysis about Cameroon, please see Cameroon Politics &
Security.
© 2012 Menas Associates
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