WASHINGTON – 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.
(Reporting by David Lawder; Editing by Chris Reese)