Economic news
IMF reaches staff agreement with Cameroon that could unlock $73.6 million
2022.06.30 01:10
People attend the Mvog Ada market in Yaounde, Cameroon, January 29, 2022. REUTERS/Mohamed Abd El Ghany
WASHINGTON (Reuters) – The International Monetary Fund said on Wednesday its staff had reached an agreement with Cameroon on the second review of its loan programs that could lead to the disbursement of $73.6 million if approved by the Fund’s Executive Board.
The Fund said Cameroon’s economic outlook remains positive, with growth of 3.8% expected for 2022, but uncertainties are rising due to sharp increases in prices for oil, fertilizer and foodstuffs driven by the war in Ukraine.
