Sustaining Reforms for Inclusive Growth in Cameroon : A Development Policy Review

Cameroon faces a challenging policy agenda over the next few years. The Government has been implementing its comprehensive poverty reduction strategy since April 2003. The Poverty Reduction Strategy Paper (PRSP) set an ambitious agenda for broad-ba...

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Main Authors:	Charlier, Florence, N'Cho-Oguie, Charles
Format:	Publication
Language:	English
Published:	World Bank 2012
Subjects:	ECONOMIC GROWTH ECONOMIC TRANSFORMATION FISCAL DISCIPLINE GOVERNMENT SPENDING HEAVILY INDEBTED POOR COUNTRIES HIPC INCLUSIVE GROWTH INVESTMENT PROGRAM POVERTY REDUCTION PUBLIC ENTERPRISES
Online Access:	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333037_20091008001006 http://hdl.handle.net/10986/2676

id	okr-10986-2676
recordtype	oai_dc
spelling	okr-10986-26762021-04-23T14:02:03Z Sustaining Reforms for Inclusive Growth in Cameroon : A Development Policy Review Charlier, Florence N'Cho-Oguie, Charles ECONOMIC GROWTH ECONOMIC TRANSFORMATION FISCAL DISCIPLINE GOVERNMENT SPENDING HEAVILY INDEBTED POOR COUNTRIES HIPC INCLUSIVE GROWTH INVESTMENT PROGRAM POVERTY REDUCTION PUBLIC ENTERPRISES Cameroon faces a challenging policy agenda over the next few years. The Government has been implementing its comprehensive poverty reduction strategy since April 2003. The Poverty Reduction Strategy Paper (PRSP) set an ambitious agenda for broad-based economic development with specific medium-term targets as well as detailed sector policies and programs for accelerating economic growth, strengthening the social sectors, and halving poverty over the following ten years. Despite a strong start, implementation of the PRSP slowed during the 2003-04 presidential election period, when fiscal discipline was relaxed and the restructuring of key public enterprises slowed. This faltering progress translated into much lower fiscal performance relative to program targets, higher government spending to prop up distressed key public enterprises, and the accumulation of domestic arrears. These developments led the International Monetary Fund (IMF) to declare Cameroon's Poverty Reduction and Growth Facility (PRGF) program off track in the third quarter of 2004, delaying attainment of the Heavily Indebted Poor Countries (HIPC) completion point by nearly two years. In the aftermath of the election, the Government developed an ambitious medium-term investment program intended to accelerate economic transformation and propel Cameroon into the group of fast-growing emerging countries. The Government is set to launch preparation of a new PRSP in early 2007. The new generation of the PRSP is expected to center on economic transformation and inclusive growth and to articulate a policy agenda that could pave the way for Cameroon to take off and get back on track to attain the Millennium Development Goals (MDGs) by 2015. 2012-03-19T10:04:35Z 2012-03-19T10:04:35Z 2009 http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333037_20091008001006 978-0-8213-7403-0 http://hdl.handle.net/10986/2676 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank Publications & Research :: Publication Publications & Research :: Publication Africa West Africa Sub-Saharan Africa Cameroon
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	ECONOMIC GROWTH ECONOMIC TRANSFORMATION FISCAL DISCIPLINE GOVERNMENT SPENDING HEAVILY INDEBTED POOR COUNTRIES HIPC INCLUSIVE GROWTH INVESTMENT PROGRAM POVERTY REDUCTION PUBLIC ENTERPRISES
spellingShingle	ECONOMIC GROWTH ECONOMIC TRANSFORMATION FISCAL DISCIPLINE GOVERNMENT SPENDING HEAVILY INDEBTED POOR COUNTRIES HIPC INCLUSIVE GROWTH INVESTMENT PROGRAM POVERTY REDUCTION PUBLIC ENTERPRISES Charlier, Florence N'Cho-Oguie, Charles Sustaining Reforms for Inclusive Growth in Cameroon : A Development Policy Review
geographic_facet	Africa West Africa Sub-Saharan Africa Cameroon
description	Cameroon faces a challenging policy agenda over the next few years. The Government has been implementing its comprehensive poverty reduction strategy since April 2003. The Poverty Reduction Strategy Paper (PRSP) set an ambitious agenda for broad-based economic development with specific medium-term targets as well as detailed sector policies and programs for accelerating economic growth, strengthening the social sectors, and halving poverty over the following ten years. Despite a strong start, implementation of the PRSP slowed during the 2003-04 presidential election period, when fiscal discipline was relaxed and the restructuring of key public enterprises slowed. This faltering progress translated into much lower fiscal performance relative to program targets, higher government spending to prop up distressed key public enterprises, and the accumulation of domestic arrears. These developments led the International Monetary Fund (IMF) to declare Cameroon's Poverty Reduction and Growth Facility (PRGF) program off track in the third quarter of 2004, delaying attainment of the Heavily Indebted Poor Countries (HIPC) completion point by nearly two years. In the aftermath of the election, the Government developed an ambitious medium-term investment program intended to accelerate economic transformation and propel Cameroon into the group of fast-growing emerging countries. The Government is set to launch preparation of a new PRSP in early 2007. The new generation of the PRSP is expected to center on economic transformation and inclusive growth and to articulate a policy agenda that could pave the way for Cameroon to take off and get back on track to attain the Millennium Development Goals (MDGs) by 2015.
format	Publications & Research :: Publication
author	Charlier, Florence N'Cho-Oguie, Charles
author_facet	Charlier, Florence N'Cho-Oguie, Charles
author_sort	Charlier, Florence
title	Sustaining Reforms for Inclusive Growth in Cameroon : A Development Policy Review
title_short	Sustaining Reforms for Inclusive Growth in Cameroon : A Development Policy Review
title_full	Sustaining Reforms for Inclusive Growth in Cameroon : A Development Policy Review
title_fullStr	Sustaining Reforms for Inclusive Growth in Cameroon : A Development Policy Review
title_full_unstemmed	Sustaining Reforms for Inclusive Growth in Cameroon : A Development Policy Review
title_sort	sustaining reforms for inclusive growth in cameroon : a development policy review
publisher	World Bank
publishDate	2012
url	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333037_20091008001006 http://hdl.handle.net/10986/2676
_version_	1764385801335996416

Sustaining Reforms for Inclusive Growth in Cameroon : A Development Policy Review

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