Cameroon among top 10 African countries with high debt at IMF

Following statistics of the third quarter of 2024, the Republic of Cameroon is one of the African countries with the highest debt to the International Monetary Fund IMF. Although the country has received multiple IMF loans aimed at addressing its fiscal deficits and stabilising its economy, these loans come with stringent conditions that require the government to implement specific economic reforms. Such reforms include austerity measures, such as cuts to public spending and tax increases. While intended to restore fiscal health, such measures can significantly constrain the government’s ability to fund essential services, including healthcare and education. This has led…