According to the official agenda of the International Monetary Fund (IMF), Cameroon’s case was to be examined on April 28, 2020 by its Board of Directors. But, in the absence of the country’s economic recovery plan; the file has been put on hold again.
“The examination of the Cameroon file has been postponed to an undetermined date. The IMF wanted Cameroon’s file to be accompanied by its economic recovery plan. In the absence of this document, there has been a postponement, ” a source from the Ministry of Finance revealed.
This IMF meeting was to determine the support that the institution would have given to Cameroon in the fight against the covid-19 pandemic. This support is precisely: “a disbursement under the Rapid Credit Facility (FCR) which is a loan with zero interest rate, repayable in ten years.”
Compared to the outcome of this case, the source said that “we are just waiting to be reprogrammed. But before, it may be necessary to send this document which presents the situation or the order revising the current finance law and which provides among other things, the drop in revenue, we will see, “we can read.
As regards these adjustments, the budgetary margins that will be released will be transferred to an account dedicated to the fight against covid-19″. P
