IMF gives Cameroon pass mark following ECF programme

By NOELA EBOB BISONG In line with the International Monetary Fund (IMF) Executive Board discussion last July 17, 2019, Mitsuhiro Furusawa, Deputy Managing Director and Acting Chair of the IMF, says that Cameroon’s performance under the Extended Credit Facility ECF-supported programme has improved from a year ago. This was during the meeting to complete the fourth review of the arrangement under the Extended Credit Facility (ECF) for Cameroon. The completion of the review enables the disbursement of SDR 55.2 million (about US$76.2 million), bringing total disbursements under the arrangement to SDR 372.6 million (about US$514.5 million). “Most end-December 2018 targets…