Cameroon Gets $ 666 Million IMF Loan to Support Economic, financial reforms

 The International Monetary Fund’s executive board has approved a $666 million, three-year extended credit facility for Cameroon to support economic and financial reforms, an IMF statement said. According to Reuters report, the fluctuation in the prices of oil has resulted to government's inability to raise enough revenue. This reports say has obliged to concentrate resources on combating the threat of Islamist Boko Haram militants along its northwestern border with Nigeria.
“Having initially shown resilience owing to its greater diversification, the Cameroonian economy is now facing decelerating growth, declining fiscal and external buffers, and rapidly-rising public debt,” IMF Deputy Managing director Mitsuhiro Furusawa said in the statement.
The board’s decision allows for the immediate disbursement of $171 million as part of a programme aimed at restoring fiscal and external sustainability and unlocking private sector-driven growth.


When News Breaks Out, We Break In. (The 2014 Bloggies Finalist)

Comments

Post a Comment

Popular posts from this blog

2015 GCE Results Published

Image
The Cameroon General Certification Examination-GCE Board has released the results of last June 2015 session. According to the published statistics, GCE Ordinary Level recorded a better performance scoring 44.93% as compared to 34.41% recorded in 2014 session. On the other hand, the GCE Advanced Level dropped from 63.98 per cent success down to 60.41 per cent this year.  12 schools scored a 100% in A Level while 17 scored a 100% in the Ordinary Level. It is aired that results of seen schools have been withheld. For the GCE Technical results, we do not have the statistics. However, the Registrar of the GCE Board, Humphrey Ekema Monono is still expected to clear the air on widespread allegations that the GCE examination questions leaked this year in some centres around the country. Maybe the reason why the number of schools that have been suspended have increased geometrically. However, the mode of accessing to results just like last year is through a Mobile Telephone company. Thi...
Read more

2012 GCE O LEVEL RESULTS (3)

  Centre No: 1024 GOVERNMENT HIGH SCHOOL NYASOSO Regist:60, Sat for 4 or More Subjects:60, Passed:30, %Passed:50, Sanctioned:0 Results of Successful Candidates (in Order of Merit) Passed in 10   Subjects: 1 (1)   SAME     NOEL    NGANDO - BIO-A,CHE-C,ECO-B,ENG-B,FRE-B,GEO-A,HBI-A,MAT-B,AMA-C,PHY-C, Passed in 7   Subjects: 8 (1)   NDOBE    TABI     CLINTON - COM-B,ECO-B,ENG-C,LIT-B,FRE-B,GEO-C,HIS-B, (2)   NGOLLE    ROLAND     METUGE - BIO-B,CHE-C,ENG-C,GEO-B,HBI-A,MAT-B,PHY-C, (3)   ALOBWEDE     CHARLES     WATSON     NSONG - BIO-B,CHE-C,COM-C,ECO-B,GEO-B,HBI-B,MAT-C, (4)   RINGNYU      BERTRAND      NJIKAM - BIO-B,CHE-C,ECO-B,ENG-C,FRE-C,GEO-B,HBI-B, (5)   EKAME     TIMEH      HALLESON - BIO-C,COM-C,ECO-B,ENG-C,LIT-B,GEO-B...
Read more

Ndu Council ECCUFORUM/ TRADE FAIR 2015( Not-to-Miss Event of the Year)

Image
  Information and Interim Program To: The Administration of Donga Mantung; The Economic Operators in and outside Donga Mantung Traditional Rulers in and around Donga Mantung Traders, Farmers, Livestock breeders Citizens of Ndu and its environs The General Public The Ndu Council hereby announces that there will effectively be an Economic and Cultural Forum (ECCUFORUM) 2015 that shall run from Friday December 11, 2015 to Saturday December 19, 2015. The Ndu Council will take a giant step with the organization of a Trade Fair during this period involving economic operators, the formal and informal sectors of the area and beyond. Expected to animate and promote their goods and services will be those from various sectors like Telecommunications; Construction; textile; Food processing firms; gastronomical institutions; tradi-practitioners; Educational Institutions both at the Secondary and Higher Education levels; Brewery companies as well as whisky companies ( wi...
Read more