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Cameroon : Joint Bank-Fund Debt Sustainability Analysis, 2018 Update.
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications") Available online
View online- Format:
- Book
- Government document
- Author/Creator:
- International Development Association.
- Series:
- Debt and Creditworthiness Study.
- World Bank e-Library.
- Debt and Creditworthiness Study
- Language:
- English
- Subjects (All):
- Debt Management.
- Debt Markets.
- External Debt.
- Finance And Financial Sector Development.
- Macroeconomic Management.
- Macroeconomics And Economic Growth.
- Public Debt.
- Public Sector Development.
- Local Subjects:
- Debt Management.
- Debt Markets.
- External Debt.
- Finance And Financial Sector Development.
- Macroeconomic Management.
- Macroeconomics And Economic Growth.
- Public Debt.
- Public Sector Development.
- Other Title:
- Cameroon
- Place of Publication:
- Washington, D.C. : The World Bank, 2018.
- System Details:
- data file
- Summary:
- Cameroon's risk of external debt distress remains high. Fiscal consolidation and the Fund-supported envisaged reforms, coupled with the increasing share of concessional new borrowing, would improve the debt profile over time. However, at present, Cameroon's external debt remains highly vulnerable to exogenous shocks: the policy-dependent threshold for the present value of debt to exports and debt service to exports are breached in the baseline program scenario as well as under standard stress tests. Mitigating risks to public debt thus requires a number of policy actions including: (i) a resolute and effective fiscal consolidation; (ii) a shift in the composition of new borrowing towards concessional loans; (iii) enhanced controls on externally-financed investment projects at all levels of government; (iv) implementation of policies to boost growth and non-oil exports; and (iv) a strengthening of public debt management.
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