IMF approves new disbursement of CFA46.8bn, despite mixed performances

The International Monetary Fund (IMF) announced Monday it has concluded the 2nd review of the agreements with Cameroon, under the Extended Credit Facility (ECF) and the Extended Fund Facility (EFF). The approval of this second review enables the disbursement of $72.9 million, or CFA46.8 billion for the African country. This new financing brings to $346.1 million, or just over CFA222.2 billion, the volume of disbursements already made by the IMF since the 3-year program was concluded on July 29, 2021. The institution, however, deplores that “the overall program performance is mixed, with delayed structural reforms in some key areas.” “Cameroon’s performance under…