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

Charlier, Florence; N'Cho-Oguie, Charles

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

2009

Charlier, Florence | N'Cho-Oguie, Charles

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.

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AGROVOC Keywords

accountability accounting agricultural production biological diversity central government civil service civil society organizations commercial banks debt decentralization deforestation drinking water economic development economic growth economic policies environmental protection expenditure external debt foreign investment forest management forestry gross domestic product gross national product growth rate health care health services income distribution income tax living conditions market liberalization national income natural resources population growth poverty reduction private sector production costs public administration public debt public enterprises public expenditure public finance public goods public health public sector public services public utilities regional government resource allocation resource management social security structural adjustment sustainable use terms of trade transaction costs wages

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World Bank

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Economic policy; Personal income; Treasury management; Annual report; Tax revenue; Fiscal revenue; Country procurement; Debt relief; Long-term debt; Cash management; Wage policy; Monetary union; Total expenditures; Internal controls; Tax administration; Audits; Road fund; Public service delivery; Wage rates; Government revenue; Sector budget; Government finance; External control system; Resource allocations; Competitive environment; Cost-effectiveness; Budget preparation; Budget law; Financial management system; Sustainable growth; Tax revenues; Domestic savings; Cash position; Regulatory framework; Contingent liabilities; Corporate income tax; Rapid population growth; Tax policy; Debt sustainability; Audit system; Appropriations; Oil; Budget circular; Delivery of services; Structural reforms; Investment budget; Environmental; Domestic debt; External audit; Debt service; Tax base; Capital expenditure; Service delivery; Service providers; Public financial management; Sustainable management; Total public spending; Supreme audit institutions; Oil prices; Financial services; Net present value; Health sector; Public revenue; Producers; Fiscal reforms; Expenditure management; Government expenditure; Medium-term expenditure; Strategic plans; Sector ministries; Reform agenda; Ministry of economy; Expenditure management system; Tax reforms; Foreign investments; Efficiency of public spending; Sector policies; Multiyear program; Macroeconomic management; Cost of capital; Fiscal stability; Decision-making process; Health spending; Financial markets; Cpi; Public action; Budget preparation process; Financial burden; Decision-making; Public expenditure tracking; Civil society participation; Public service; Public finance information; Financial accountability; Road network; Public procurement; Debt management; Poverty reduction support; Fiscal management; Programs; Reform program; Procurement process; Social security system; Public agencies; Baseline projections; Improving budget execution; Macroeconomic policies; Effective use; Finance ministry; Politicians; Misallocation of resources; Baseline scenario; Private sector growth; Public companies; Country procurement assessment; Oil sector; Budget reporting; Capital spending; Tax rates; Health outcomes; Accountability of line ministries; Structural reform; Infrastructure services; Infrastructure investment; Tax collection; Public funds; Transparency; Administrative reforms; Expenditures; Macroeconomic stability; Labor costs; Education expenditures; Access to safe water; Tax evasion; Budget deficits; Present value; Health centers; Payment system; Civil servants; Budgetary policies; Poverty reduction strategy; Civil service reform; School fees; Personal income tax; Medium-term expenditure framework; Tax burden; Management of roads

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http://hdl.handle.net/10986/2676http://creativecommons.org/licenses/by/3.0/igoWorld BankCC BY 3.0 IGO

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8213-7403

In AGRIS since: 2014-09-15

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

2009

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