Visiting representatives of the International Monetary Fund, here to review the implementation of the 28-month stand-by arrangement, told the press that the quantitative goals have been met satisfactorily, but the approval of laws is still pending.
Meanwhile, the IMF’s permanent representative in the country, Ousmene Jacques Mandeng stated that the tax reform is mandatory to maintain government tax levels given the expected decline in customs revenues once the free trade agreement with the United States goes into effect. Yesterday, the IMF mission met with the National Council of Business. Mandeng said that the business leaders expressed their wish that tax reform should bring fiscal equity, in order to protect the productive sector’s competitiveness.