Cameroon: IMF Executive Board Approves U.S.$183.4 Million Under the Resilience and Sustainability Facility for Cameroon

The Executive Board of the International Monetary Fund (IMF) approved today an 18-month arrangement for Cameroon under the IMF Resilience and Sustainability Facility (RSF) for a total amount of SDR 138 million (about US$183.4 million, 50 percent of quota), with disbursements to start when the First Review of the arrangement is completed.

Cameroon is highly vulnerable to climate change, with risks from recurrent droughts, floods, landslides, and coastal erosion. The RSF will support Cameroon’s…