Cameroon: Record Increase in World Bank Financial Commitments in Fiscal Year 2016/17

In Cameroon, the World Bank's financial commitments reached a record level at the end of the fiscal year, which ended at the end of June, totaling more than $ 700 million. the World Bank, Elisabeth Huybens (photo). At the same time, the disbursement rate was increased to about 23%.

"Fiscal year 2017 is a very, very good year for our collaboration with the Government of Cameroon, because we committed ourselves to new projects for a larger sum than any year before. "She said.

"On our entire portfolio, we also had a very, very good result. Because we have projects that are going on average over a period of about five or six years, what we're looking for each year is to get 20% disbursement rates. In 2017, it was again possible to disburse at a slightly higher rate, at almost 23% "

In particular, $ 325 million was granted to the newly created National Electricity Transmission Company (Sonatrel), a public company created in 2015. $ 195 million to support a transport sector development project that covers the ongoing rehabilitation of the Babadjou-Bamenda road, 40 km long and a section of the Bafoussam-Bamenda road. The livestock sector received $ 100 million to strengthen its competitiveness.

The Bretton Woods institution has also granted the Cameroon executive a financial package of $ 23 million through technical assistance for governance and regulation in the field of mineral resources. An equivalent amount was unblocked to enhance the development of the hydroelectric potential on the Sanaga River. Other projects and sectors have also received contributions from the financial institution, according to the official.

For the fiscal year that has just begun, the bank has already approved funding of $ 160 million for an urban development project. The basic education sector could also benefit in the next few days from the approval of financial support valued at $ 100 million.


Nos Partenaires

Chambre d'Agriculture, des Pêches, de l'Elevage et des Forêts du Cameroun (CAPEF)
Chambre de Commerce et d'Industrie du Bénin
Chambre de Commerce et d'Industrie de Cote-d'Ivoire
Chambre de Commerce et d'Industrie du Burkina-Faso;
Chambre de Métiers et de l'Artisanat de la Vendée
International Chamber of Commerce
La Bourse de Sous-Traitance et de Partenariat du Cameroun (BSTP-CMR)
Agence de Promotion des Investissements (API)
Le Fonds National de l’Emploi (FNE)
Agence des Normes et de la Qualité du Cameroun (ANOR)
Institut National de la Statistique du Cameroun (INS)
L'Agence de Régulation des Marchés Publics (ARMP)
Le Douala Stock Exchange
Investir en Zone Franc
Organisation Internationale de la Francophonie (OIF)
Conférence Permanente des Chambres Consulaires Africaines et Francophones
L'Institut international de recherche sur les cultures des zones tropicales semi-arides (ICRISAT)
Agence Française de Développement (AFD)
Organisation Mondiale du Commerce(OMC);
Centre de Commerce International (ITC)
Programme des Nations-Unies pour le Développement au Cameroun (PNUD)
Organisation des Nations Unies pour le Développement Industriel (ONUDI)
L'Agence des États-Unis pour le développement international (United States Agency for International Development ou USAID)
Export-Import Bank of the United States
Banque Mondiale
Banque Africaine de Développement (BAD)
Cameroon On Business