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Lessons from Experience with Ex-ante Poverty Impact Assessments of Macroeconomic Policies in Cameroon. Samuel Fambon FSEG University of Yaounde II Cameroon.
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FSEG University of Yaounde II
NEWS RULES FOR GLOBAL FINANCE NEWS RULES FOR GLOBAL FINANCEINTERNATIONAL WORKSHOP ON“Experiences with Ex-ante Poverty Impact Assessments of Macroeconomic Policies in Bangladesh, Cameroon, Ghana, the Philippines, and Nepal”Washington, 13-16 March 2005
. This study aims to analyze the various constraints presently associated with the implementation of methodologies for an ex-ante evaluation of macroeconomic policy impacts on poverty in Cameroon. A better understanding of these constraints could result not only in a better estimation of these impacts, but also in the formulation of more efficient poverty reduction policies.
. The specific objectives of the study are the following:
- to carry out a brief review of the methodologies presently used in the ex-ante evaluation of macroeconomic policy impacts,
2.1 Brief Review of the Socio-economic Situation in Cameroon
- Tables 2 and 3 show the evolution of monetary Poverty and Inequality Profile in Cameroon during 1996-2001 period.
- the present economic policies of Cameroonian Government are presented in the PRSP and are the following:
- the promotion of a stable macroeconomic framework;
* The Financial Programming Model (FPM), which is a dynamic monetarist framework developed by the IMF in the early 50’s. Actually, it remains at the center of the domestic analysis on which IMF conditionalities are based (for example, Poverty Reduction and Growth Facility (PRGF) reports).
- However, at the structural level, the RMSM-(X) model is unable to capture distributive policy impacts. The labor market, poverty, and income distribution concerns are not incorporated into the model.
- This model is basically a macroeconomic module of the standard RMSM-X combined with two modules related to poverty and social indicators (i.e. health and education). It helps analyze the impact of macroeconomic shocks on
- The integrated macroeconomic model for poverty analysis (IMMPA) developed by the World Bank is a more elaborate computable general equilibrium model based on a framework which put emphasis on the role of labor market segmentation, the role of informal sector employment in the transmission of policies and exogenous shocks on the poor, and the adverse effect of external indebtness on private investment incentives.
. Considering the manner in which international organizations and donors have helped relieve capacity constraints in the analysis and modelling of the ex-ante macroeconomic policy impacts on poverty in Cameroon, we may note that the UNDP and the World Bank have been of great assistance regarding the development of capacities and the utilization of tools for analysis