IMF reaches staff agreement with Cameroon that could unlock $73.6 million
Reuters
Published Jun 29, 2022 06:00PM ET
WASHINGTON (Reuters) - The International Monetary Fund said on Wednesday its staff had reached an agreement with Cameroon on the second review of its loan programs that could lead to the disbursement of $73.6 million if approved by the Fund's Executive Board.
The Fund said Cameroon's economic outlook remains positive, with growth of 3.8% expected for 2022, but uncertainties are rising due to sharp increases in prices for oil, fertilizer and foodstuffs driven by the war in Ukraine.
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Written By: Reuters
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