World Economy

IMF Aid to Boost Cameroon Growth

IMF Aid to Boost Cameroon GrowthIMF Aid to Boost Cameroon Growth

Cameroon and the International Monetary Fund are considering a two-year aid program for the Central African country to deliver sustained and inclusive economic growth, Reuters reported. Leaders of the Central African bloc, CEMAC, agreed in December to engage with the IMF to find ways to overcome macroeconomic instability caused in part by lower global commodity prices, the IMF said in a statement. Cameroon, which produces oil, cocoa and coffee and is the largest economy in the region, has weathered the problems better than others and its medium term outlook is positive due to a relatively diversified economy and infrastructure projects.

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