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Statement by IMF Managing Director Christine Lagarde at the Conclusion of her Visit to Cameroon

Ms. Christine Lagarde, Managing Director of the International Monetary fund (IMF), issued the following statement today in Douala at the conclusion of her visit to Cameroon:“My visit to Cameroon has been extremely fruitful. I wish to thank President Paul Biya and the Cameroonian authorities for our substantive and constructive discussions. While in Yaoundé, I also had the honor to address and exchange views with ministers from the six African countries members of the Central African Economic and Monetary Community (CEMAC).“In my meetings with the Cameroonian authorities, I complimented them on resilient economic performance under trying circumstances. The impact of the twin shocks of sustained low oil prices and unexpected terrorist attacks in the northern part of Cameroon presents a very difficult set of issues. In response, the authorities are taking strong steps to secure macroeconomic stability and build strong and inclusive growth. The IMF is already helping Cameroon to meet its challenges through policy advice and technical assistance and we stand ready to provide further support should the authorities request it.

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