Cameroon - Debt Relief Grant under the Enhanced Heavily Indebted Poor Countries (HIPC) Debt Initiative
The objective of debt relief grant operation was to provide Cameroon the assistance required by IDA under the enhanced HIPC Debt Initiative upon Cameroon reaching the completion point, thus contributing to improving Cameroon's overall debt sus...
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| Format: | Brief |
| Language: | English |
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World Bank, Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2008/02/9085593/cameroon-debt-relief-grant-under-enhanced-heavily-indebted-poor-countries-hipc-debt-initiative http://hdl.handle.net/10986/9536 |
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okr-10986-95362021-04-23T14:02:45Z Cameroon - Debt Relief Grant under the Enhanced Heavily Indebted Poor Countries (HIPC) Debt Initiative Mastri, Lawrence BILATERAL CREDITORS BORROWING CONTRIBUTION CORRUPTION DEBT DEBT BURDEN DEBT MANAGEMENT DEBT MANAGEMENT STRATEGY DEBT RELIEF DEBT RELIEF INITIATIVE DEBT SERVICE DEBT SERVICE RELIEF DEBT SUSTAINABILITY EXTERNAL DEBT FISCAL MANAGEMENT FISCAL POLICY INDEBTED INDEBTED POOR COUNTRIES JUDICIAL REFORM MACROECONOMIC MANAGEMENT MULTILATERAL DEBT MULTILATERAL DEBT RELIEF PROCUREMENT RISK OF DEBT SAVINGS The objective of debt relief grant operation was to provide Cameroon the assistance required by IDA under the enhanced HIPC Debt Initiative upon Cameroon reaching the completion point, thus contributing to improving Cameroon's overall debt sustainability and supporting the government's implementation of its poverty reduction strategy through increased spending from the fiscal savings. The policy areas supported by the program are those linked to the conditions for reaching the completion point under the enhanced HIPC debt initiative, namely: (i) preparation of a poverty reduction strategy paper (PRSP), and satisfactory implementation for at least one year; (ii) the maintenance of a stable macroeconomic framework and continued satisfactory performance under the IMF's Poverty Reduction and Growth Facility (PRGF) program; (iii) use of budgetary savings from the interim debt service relief; (iv) the satisfactorily implementation of the structural reforms supported by the Third Structural Adjustment Credit (SAC III) financed by IDA; (v) implementation of governance and anti-corruption measures in the areas of judicial reform, budget execution, procurement reform, and the creation of regulatory agencies; and (vi) implementation of key social reforms, including combating malaria and HIV/AIDS. Some of the lessons are as follows: (i) formulate a realistic timeframe for the government to meet the triggers of the completion point; and (ii) ensure that the government puts in place a strong focal point/unit to coordinate and monitor the implementation of the completion point triggers and facilitate related post completion point actions. 2012-08-13T08:53:50Z 2012-08-13T08:53:50Z 2008-02 http://documents.worldbank.org/curated/en/2008/02/9085593/cameroon-debt-relief-grant-under-enhanced-heavily-indebted-poor-countries-hipc-debt-initiative http://hdl.handle.net/10986/9536 English Africa Region Findings & Good Practice Infobriefs; No. 145 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Brief Publications & Research Africa Cameroon Cameroon |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
BILATERAL CREDITORS BORROWING CONTRIBUTION CORRUPTION DEBT DEBT BURDEN DEBT MANAGEMENT DEBT MANAGEMENT STRATEGY DEBT RELIEF DEBT RELIEF INITIATIVE DEBT SERVICE DEBT SERVICE RELIEF DEBT SUSTAINABILITY EXTERNAL DEBT FISCAL MANAGEMENT FISCAL POLICY INDEBTED INDEBTED POOR COUNTRIES JUDICIAL REFORM MACROECONOMIC MANAGEMENT MULTILATERAL DEBT MULTILATERAL DEBT RELIEF PROCUREMENT RISK OF DEBT SAVINGS |
| spellingShingle |
BILATERAL CREDITORS BORROWING CONTRIBUTION CORRUPTION DEBT DEBT BURDEN DEBT MANAGEMENT DEBT MANAGEMENT STRATEGY DEBT RELIEF DEBT RELIEF INITIATIVE DEBT SERVICE DEBT SERVICE RELIEF DEBT SUSTAINABILITY EXTERNAL DEBT FISCAL MANAGEMENT FISCAL POLICY INDEBTED INDEBTED POOR COUNTRIES JUDICIAL REFORM MACROECONOMIC MANAGEMENT MULTILATERAL DEBT MULTILATERAL DEBT RELIEF PROCUREMENT RISK OF DEBT SAVINGS Mastri, Lawrence Cameroon - Debt Relief Grant under the Enhanced Heavily Indebted Poor Countries (HIPC) Debt Initiative |
| geographic_facet |
Africa Cameroon Cameroon |
| relation |
Africa Region Findings & Good Practice Infobriefs; No. 145 |
| description |
The objective of debt relief grant
operation was to provide Cameroon the assistance required by
IDA under the enhanced HIPC Debt Initiative upon Cameroon
reaching the completion point, thus contributing to
improving Cameroon's overall debt sustainability and
supporting the government's implementation of its
poverty reduction strategy through increased spending from
the fiscal savings. The policy areas supported by the
program are those linked to the conditions for reaching the
completion point under the enhanced HIPC debt initiative,
namely: (i) preparation of a poverty reduction strategy
paper (PRSP), and satisfactory implementation for at least
one year; (ii) the maintenance of a stable macroeconomic
framework and continued satisfactory performance under the
IMF's Poverty Reduction and Growth Facility (PRGF)
program; (iii) use of budgetary savings from the interim
debt service relief; (iv) the satisfactorily implementation
of the structural reforms supported by the Third Structural
Adjustment Credit (SAC III) financed by IDA; (v)
implementation of governance and anti-corruption measures in
the areas of judicial reform, budget execution, procurement
reform, and the creation of regulatory agencies; and (vi)
implementation of key social reforms, including combating
malaria and HIV/AIDS. Some of the lessons are as follows:
(i) formulate a realistic timeframe for the government to
meet the triggers of the completion point; and (ii) ensure
that the government puts in place a strong focal point/unit
to coordinate and monitor the implementation of the
completion point triggers and facilitate related post
completion point actions. |
| format |
Publications & Research :: Brief |
| author |
Mastri, Lawrence |
| author_facet |
Mastri, Lawrence |
| author_sort |
Mastri, Lawrence |
| title |
Cameroon - Debt Relief Grant under the Enhanced Heavily Indebted Poor Countries (HIPC) Debt Initiative |
| title_short |
Cameroon - Debt Relief Grant under the Enhanced Heavily Indebted Poor Countries (HIPC) Debt Initiative |
| title_full |
Cameroon - Debt Relief Grant under the Enhanced Heavily Indebted Poor Countries (HIPC) Debt Initiative |
| title_fullStr |
Cameroon - Debt Relief Grant under the Enhanced Heavily Indebted Poor Countries (HIPC) Debt Initiative |
| title_full_unstemmed |
Cameroon - Debt Relief Grant under the Enhanced Heavily Indebted Poor Countries (HIPC) Debt Initiative |
| title_sort |
cameroon - debt relief grant under the enhanced heavily indebted poor countries (hipc) debt initiative |
| publisher |
World Bank, Washington, DC |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/2008/02/9085593/cameroon-debt-relief-grant-under-enhanced-heavily-indebted-poor-countries-hipc-debt-initiative http://hdl.handle.net/10986/9536 |
| _version_ |
1764409720624381952 |