Cameroon - Statistical Appendix (Electronic book text)

1. Cameroon's macroeconomic performance was strengthened under the PRGF arrangement completed in January 2009 (Figure 1 and Box 1). Debt relief in April 2006 under the HIPC Initiative helped firm up the country's debt sustainability, and create fiscal space for poverty-reducing spending. Public expenditure management is now more transparent and the financial sector stronger.1 Prudent management of oil earnings and revenue has allowed the authorities to accumulate government deposits at the regional central bank (BEAe and to contribute to the currency union's pool of foreign exchange reserves, while raising investment and normalizing relations with creditors.