Cameroon economy on the right path - IMF head

The head of the International Monetary Fund (IMF), Christine Lagarde, has made it clear that her visit to Cameroon was not to negotiate a “new loan”.

The IMF boss has been in the west African nation since Thursday for a three-day visit and held talks with Cameroon’s president Paul Biya and other government officials.

During a dinner that was hosted on her behalf, the Cameroonian Head of State said his country had continued to diversify its economy in a world that is increasingly marked with “instability, volatility and deregulation.”

The IMF boss gave her thumbs up to the transformation in the country and said that, “Cameroon continues to show excellent results, with economic growth of almost 6% over the past two years.”

The IMF head is due to end her trip by meeting finance ministers from the six member countries of the Economic and Monetary Community of Central Africa (CEMAC), before delivering a speech later Friday.