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Economic news

IMF reaches staff agreement with Cameroon that could unlock $73.6 million

06/30/2022

Less than a minute

2022.06.30 01:10

IMF reaches staff agreement with Cameroon that could unlock $73.6 million
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.

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06/30/2022

Less than a minute