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Christine Lagarde talks economic recovery in Cameroon

Christine Lagarde talks economic recovery in Cameroon


  • From Nigeria, the IMF managing director Christine Lagarde has arrived in Cameroon on the invitation of President Paul Biya.

Top on the agenda is the discussion of insecurity oil-exporting countries face because of the activities of terror groups, specifically Boko Haram.

The IMF boss is hopeful despite an economic downturn, Cameroon will continue its oil production and increase public investments.

The country has met the challenge of achieving an economic growth rate of around 6% over the past two years.

No longer under the IMF program, Cameroon remains in need of a real boost. Expert insight into the financial situation says it has to do more.

It also expects the IMF’s share of guidelines for the conduct of new reforms for further regional integration and a diversification of sources of growth in government revenues of countries mainly dependent on exports of various materials.

The three-day visit includes an official meeting with Biya, as well as a visit to the Prime Ministers office.

Lagarde will also hold metings at Cameroon’s Ministry of Finance.