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Featured
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Biya regime delays bond sale amid regional market strain
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Historic agreement between Nigeria and Cameroon to tackle wildlife crime
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Southern Cameroons refugees in Nigeria receive farm seedlings
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Douala: Investment Forum wraps up with honors for investment champions
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Understanding the Biya Francophone regime’s support for the Israeli genocide in Gaza
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US: Prosecution lays out ‘criminal conspiracy’ as Trump’s hush money trial opens
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FAO formally launches Green Cities Initiative in Cameroon
4, July 2022
IMF, CPDM Crime Syndicate reach staff agreement that could save up to $73.6 million 0
The International Monetary Fund announced on Wednesday that its staff had come to an agreement with Cameroon regarding the second review of its loan programmes. If the Executive Board of the Fund approves, the agreement could result in the disbursement of $73.6 million.
According to the Fund, Cameroon’s economic outlook is still favourable, with growth of 3.8% predicted for 2022, but uncertainties are growing as a result of high rises in the cost of food, fertiliser, and oil due to the conflict in Ukraine.