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Source: International Monetary Fund

Cameroon : Requests for Disbursement Under the Rapid Credit Facility, Extension of the Extended Credit Facility Arrangement, and Rephasing of Access-Press Release; Staff Report; Staff Statement; and Statement by the Executive Director for Cameroon

Author/Editor:

International Monetary Fund. African Dept.

Publication Date:

June 5, 2020

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Summary:

Cameroon is facing urgent financing needs driven by the twin Covid-19 pandemic and terms of trade shocks. Externally, Cameroon is exposed to demand and supply shocks due to the slowdown in major trading partners (China and Europe) and falling oil prices. Domestically, containment efforts to slow the number of Covid-19 cases, which have grown rapidly since March 6, 2020, are expected to further slow growth and widen the fiscal and current account deficits.

Series:

Country Report No. 2020/185

Subject:

English

Publication Date:

June 5, 2020

ISBN/ISSN:

9781513546339/1934-7685

Stock No:

1CMREA2020002

Format:

Paper

Pages:

42

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