Cameroon has committed to concluding a new economic and financial program with the International Monetary Fund (IMF). This commitment was made on March 17, 2026, in Paris, during a meeting of Ministers of Economy and Finance, central bank governors, and heads of institutions from CEMAC (Cameroon, Congo, Gabon, Equatorial Guinea, Chad, and RCA) and France.
According to the official communiqué published on March 23, 2026, by BEAC, the central bank of the six CEMAC countries, the states of the sub-region have committed to working collectively and individually for the successful implementation of national programs supported by the IMF and the conclusion of new programs. The objective is to ensure the sustainability of public finances and consolidate the foreign exchange reserves of CEMAC. France reaffirmed its support for the macroeconomic and financial stability of CEMAC and its member states and will continue to support them in their relations with technical and financial partners, including the IMF.
Congo, Cameroon, and Gabon, whose last programs with the IMF ended in March and July 2025 for the first two, and July 2024 for the last, have committed to concluding new programs with the IMF. Chad, RCA, and Equatorial Guinea, which are still under program with the IMF, have promised to continue their collaboration with this institution.
This commitment follows the advocacy of the Cameroonian Minister of Finance, Louis Paul Motazé, during the cabinet meeting of October 30, 2025, where he stressed the need to renew the partnership with the IMF in order to maintain budgetary support provided by the IMF and other development partners. Between 2017 and 2025, Cameroon received approximately 2,600 billion FCFA in budgetary support under two successive programs with the IMF.
The final decision to conclude a new program with the IMF is, however, subject to the conclusion of the review of the common policies of CEMAC conducted by the IMF. The validation of this review by the IMF Board of Directors, initially scheduled for December 2025, has been postponed due to the misalignment of budgetary policies with the regional strategy and the incompleteness of agreements on regional insurance in support of reforms. This delay also impacts the validation of reviews and disbursements associated with programs between the IMF and Chad, as well as the IMF and RCA.
