Cameroon faces risks from microfinance links to banks – IMF staff

Rise of mobile banking is making microfinance sector more vulnerable, report says

IMF HQ 2
International Monetary Fund
Photo: Henrik Gschwindt de Gyor/IMF

Cameroon’s authorities need to address problems related to the country’s financial sector, a staff report from the International Monetary Fund says.

One key risk comes from the increasing links between banks and microfinance institutions (MFIs), says the report, published on August 13. Other risks include weak banks, an increase in non-performing loans and the growth of mobile financial services.  

The report stresses the interdependence of banks and MFIs may become a new source of

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