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The International Monetary Fund (IMF) has reached a staff-level agreement with Cameroon that will give the country access to about $74.6 million.
With the agreement Cameroon will have access to the fund once a review is formally completed by the IMF executive board in early March 2023.
Since November 2021, the Central African country has been battling with high inflation, driven mainly by shortage and increase of the price of staple goods.
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An IMF team had visited Cameroon earlier in the month and also held virtual meetings to discuss progress made on reforms and policy priorities in the context of the third review of the programme, supported by extended credit facility and extended fund facility arrangements.
