Statement by IMF Deputy Managing Director Kenji Okamura at the Conclusion of a Visit to Morocco

“My visit to Rabat and Casablanca has been very productive. It was my first visit as the IMF’s Deputy Managing Director to Morocco, which will host this year the IMF and World Bank Annual Meetings in Marrakesh. I am grateful for the warm hospitality of the people of Morocco and look forward to a remarkably successful Annual Meetings in October. The visit was an opportunity to learn first-hand from the authorities about their excellent preparedness to host the largest IMF/World Bank gathering on their soil.

Cameroon: IMF Executive Board Concludes Third Reviews of Extended Credit Facility and Extended Fund Facility Arrangements for Cameroon and Approves US$73 Million Disbursement

The IMF Executive Board completed the Third Reviews of the Extended Credit Facility (ECF) and the Extended Fund Facility (EFF) arrangements, enabling Cameroon to draw the equivalent of US$73 million in disbursements from the IMF. The economic recovery is underway amid increased challenges in an uncertain global environment, with growth estimated at 3.4 percent in 2022, supported by higher oil prices and non-oil production. Sustained reform implementation will be needed to create additional fiscal space for productive investment and social spending and to move toward inclusive and resilient growth.

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