The Financial Accounts of Cameroon 2016-2017

The National Institute of Statistics (INS) presents the first edition of the National Financial Accounts (NFA) of Cameroon; work undertaken in December 2018 with the change of the base year of the national accounts, which went from the year 2005 to the year 2016. The work benefited from the financial support of the Government, through the Ministry of Finance (MINFI), the Ministry of Economy, Planning and Regional Development (MINEPAT). They also benefited from technical assistance from the IMF’s Regional Technical Assistance Center for Central Africa (AFC). The change in the base year of the national accounts (rebasing) is a normal exercise of the methodology for compiling national accounts, which aims to renovate the instrument for measuring the country’s economic activity, whether are the national accounts. International practice in The subject recommends doing this every five or ten years. The first results of this work were published in January 20211, with the gross domestic product (GDP) for 2016 being reassessed upwards by 3.6 per cent compared to the same year on a 2005 basis. One of the objectives of this change in base year was to extend the coverage of Cameroon’s national accounts to other accumulation accounts, in particular the financial operations account. In this context, the INS has benefited from three technical assistance missions from AFC in the implementation of the financial accounts prepared according to the 2008 SNA and in accordance with the 2016 base year. The The first mission, in December 2020, made it possible to: i) process all the data sources necessary for the preparation of the financial accounts for the 2016 base year; and ii) balance flows between the resident institutional sectors and the Rest of the World for each financial transaction using a matrixs of Qui-à-Qui. The last mission, in January 2023, helped to finalize the base year2016 and continue the work for the other years, especially the year 2017. This work has made it possible to summarize the financial operations account for these two years. The purpose of this report is to make the first draft of data on operations available to the public 2016-2017 financial statements, with comments. After the presentation of some generalities On the financial accounts (1), the document presents an analysis of the overall financing balance by institutional sector (2), and concludes with a detailed analysis of the net flows of financial assets and liabilities by institutional sector (3).

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