29, January 2024
Rigobert Song blames inexperience to Cameroon loss to Nigeria 0
Cameroon Coach Rigobert Song has attributed his team’s defeat to Super Eagles to the inexperience of his players.
The Indomitable Lions suffered a 2-0 loss to Super Eagles in the round of 16 Africa Cup of Nations clash on Saturday at the Stade , with Ademola Lookman scoring both goals.
Speaking after the game, Song added that he is building a next generation of stars for the Indomitable Lions, stressing that they would be ready in two years.
“We faced a Nigerian team that was well organized. At a time, we were in the game but later it became difficult for us. My players lacked experience to play against Nigeria. We played with young players and my players are not capable to play to some certain level. I’m rebuilding and it takes lots of time to rebuild a team. I think by two or three years they would be better,” Song said
“My players played with fear. When you face a team like Nigeria, it can disturb you. We tried our best but our best was not enough. Let us acknowledged that they have done their best but they lack experience to face a team like Nigeria.”
The former Cameroon captain said he will learn from his side’s defeat to Nigeria.
“This is a game that you learn every day. When you are a player and manager, it is a very different thing. I’m still learning and I am open to criticism but constructing criticism.”
Source: The Nation
30, January 2024
IMF Executive Board Approves US$183.4 million for Cameroon 0
The Executive Board of the International Monetary Fund (IMF) approved today an 18-month arrangement for Cameroon under the IMF Resilience and Sustainability Facility (RSF) for a total amount of SDR 138 million (about US$183.4 million, 50 percent of quota), with disbursements to start when the First Review of the arrangement is completed.
Cameroon is highly vulnerable to climate change, with risks from recurrent droughts, floods, landslides, and coastal erosion. The RSF will support Cameroon’s efforts to adapt to and mitigate the impact of climate change and replace more expensive financing. It will help address climate vulnerabilities by supporting the authorities’ efforts to strengthen the country’s institutional framework for governance and policy coordination related to climate change, mainstream the climate agenda into public financial management, enhance national adaptation policies, and step up mitigation efforts. The reform measures under the RSF are also expected to reinforce the growing engagement of development partners and other stakeholders in climate-resilient development and catalyze additional climate finance.
The RSF arrangement coincides with the remaining 18 months under the Extended Credit Facility (ECF) and Extended Fund Facility (EFF) arrangements approved in July 2021 and extended in December 2023 to support the country’s economic and financial reform program.
At the conclusion of the Executive Board’s discussion, Mr. Kenji Okamura, Deputy Managing Director and Acting Chair, made the following statement:
“Cameroonis a fragile and conflict-affected state facing substantial risks from climate change, including an imminent threat to livelihoods and potentially significant output losses, which could worsen food insecurity and conflicts and exacerbate poverty, inequality, and population displacements. The country’s regional diversity exposes it to a variety of climate-related events, including droughts, floods, and coastal erosion. If not appropriately addressed, climate change could delay human capital accumulation and jeopardize development and inclusive growth.
“Addressing the impact of climate change is an important priority in the country’s national development strategy. Cameroon is signatory of the COP21 and other key international conventions on climate change and is committed to a sustainable management of natural resources and adaptation and mitigation policies.
“The identified reforms under the Resilience and Sustainability Facility (RSF) arrangement build on the authorities’ national strategies and plans and on the diagnostics on climate change. The RSF reform package will help address key climate-related policy challenges, including creating an enabling environment for policy implementation, with appropriate institutional and public financial management frameworks; strengthening the national disaster risk management framework to step up adaptation efforts; and leveraging fiscal management in forestry as a climate mitigation policy.
“A resolute implementation of reforms under the RSF arrangement will help improve Cameroon’s medium-term climate policy stance, replace more expensive financing, and augment buffers against climate shocks and related prospective balance-of-payment needs. The arrangement should also help catalyze other climate financing. Capacity development efforts and close coordination among government entities and development partners involved in Cameroon’s climate agenda will be important.”
Source: IMF.org