Lukong Pius Nyuylime
25 February 2008
The joint mission met with MINFI and had working sessions with other officials over the weekend.
A joint mission of the International Monetary Fund, the World Bank and the African Development Bank which arrived in the country last Thursday February 21, had a busy weekend having series of meetings and discussions with the Cameroonian authorities.
After meeting with the Minister of Finance, Essimi Menye, Dhaneshwar Ghura and his delegation continued discussions with other officials.
"We hope to discuss with the government the measures that the government plans to put in place to enhance economic growth and poverty reduction in Cameroon", Dhaneshwar Ghura, the head of the joint mission told pressmen after their meeting with Essimi Menye. Friday and Saturday were particularly busy in that light for members of the delegation and authorities of the Ministry of Finance as well as those of the Ministry of the Economy, Planning and Regional Development who worked together to assess the milestone covered by the Cameroon government in the execution of its economic and financial programme up to end of December, 2007.
According to the tentative programme, their working sessions which are taking place behind closed doors, hinge on external debt, execution of the investment budget, fiscal reforms, and privatisation among others. In effect, discussions are essentially on Cameroon's macroeconomic framework and the execution of the country's economic and financial programme up to December 31, 2007.
The delegation is arriving in Cameroon at the moment the country is said to be witnessing positive signs. In a recent write up on the challenges ahead for Cameroon to accelerate economic growth, the Director of the African Department at the IMF, Abdoulaye Bio-Tchané, underscored the fact that Cameroon has been able to "keep the economy stable and improve its fiscal performance." The IMF official however states that performance did fall short of expectation in some areas. "The reform of public enterprises-critical to improve fiscal sustainability and enhance growth-is yet to be completed", he said.
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