INTERNATIONAL DEVELOPMENT ASSOCIATION
AND
INTERNATIONAL MONETARY FUND
CAMEROON
Preliminary Document on the Enhanced Initiative for Heavily Indebted Poor Countries
Prepared by the Staff of IDA and the Fund1
May 23, 2000
Contents
Page
List of Acronyms and Abbreviations ........................................................................................ 4
Executive Summary .................................................................................................................. 5
I.
Background ................................................................................................................... 8
A. PRGF and IDA Status .............................................................................................. 8
B. Policy Reform Track Record.................................................................................... 8
Macroeconomic Polices .................................................................................... 9
Structural Policies ........................................................................................... 10
C. Institutional Reforms .............................................................................................. 12
D. Social Policies ........................................................................................................ 13
E. Poverty Outcomes and Living Standards................................................................ 16
II.
Medium Term Policy Challenges, Sources of Growth, and Poverty Reduction......... 18
A. Poverty Reduction Strategy and Participation........................................................ 18
B. Macroeconomic Objectives and Policies................................................................ 20
C. Institutions, Governance, and Anticorruption ........................................................ 23
D. Social Sectors ......................................................................................................... 25
E. Improving Infrastructure.......................................