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International Monetary Fund. Middle East and Central Asia Dept.

Abstract

Klakow Akepanidtaworn, Gareth Anderson, Dalmacio R Benicio, and Joyce C. Wong prepared this chapter, and Oluremi Akin-Olugbade provided research assistance.

International Monetary Fund

This paper examines Cameroon’s Poverty Reduction Strategy Paper Implementation Progress Report. Cameroon is expected to benefit from a significant debt relief upon reaching the completion point. This will make huge financial resources available to Cameroon for financing its growth and poverty alleviation policy designed in conformity with the new financial assistance programs of the Bretton Woods institutions. The downturn in inflation is a result of a substantial increase in the supply of food and market garden produce, the opening up of some agricultural zones, and a flow of imported staple consumer goods.

International Monetary Fund. Fiscal Affairs Dept.

Abstract

This report overviews countries fiscal actions in response to COVID-19 and discusses how governments policies should adapt to get ahead of the pandemic and set the stage for a greener, fairer, and more durable recovery. Global vaccination should be scaled up as it can save lives and will eventually pay for itself with stronger employment and economic activity. Until the pandemic is brought under control globally, fiscal policies must remain flexible and supportive, while keeping debt at a manageable level over the long term. Governments also need to adopt comprehensive policies, embedded in medium-term frameworks, to tackle inequalities—especially in access to basic public services—that were exacerbated by the COVID-19 pandemic and may cause income gaps to persist. Investing in education, healthcare and early childhood development and strengthening social safety nets financed through improved tax capacity and higher progressivity, can strengthen lifetime opportunities, improve trust, and contribute to more social cohesion.

International Monetary Fund. Fiscal Affairs Dept.

Abstract

This report overviews countries fiscal actions in response to COVID-19 and discusses how governments policies should adapt to get ahead of the pandemic and set the stage for a greener, fairer, and more durable recovery. Global vaccination should be scaled up as it can save lives and will eventually pay for itself with stronger employment and economic activity. Until the pandemic is brought under control globally, fiscal policies must remain flexible and supportive, while keeping debt at a manageable level over the long term. Governments also need to adopt comprehensive policies, embedded in medium-term frameworks, to tackle inequalities—especially in access to basic public services—that were exacerbated by the COVID-19 pandemic and may cause income gaps to persist. Investing in education, healthcare and early childhood development and strengthening social safety nets financed through improved tax capacity and higher progressivity, can strengthen lifetime opportunities, improve trust, and contribute to more social cohesion.

International Monetary Fund. Communications Department
Finance & Development, September 2020
International Monetary Fund. Communications Department
Finance & Development, September 2020
International Monetary Fund. Communications Department
Finance & Development, September 2020