World Bank/Cameroon: $200 million to boost inclusive and sustainable growth

World Bank Country Director for Cameroon, Abdoulaye Seck, signed with Cameroon’s Minister of Economy, Planning and Regional Development, Alamine Ousmane Mey, a $200 million Development Policy Credit (DPC) which aims to strengthen fiscal sustainability, enhance competitiveness and protect the poor and most vulnerable.

This operation, the second in a series of three, is aligned with Cameroon’s economic growth, poverty reduction, and reform priorities as set forth in its long-term development agenda, Vision 2035.

“Cameroon’s ambitious fiscal consolidation efforts and structural reforms are showing positive results”, said Abdoulaye Seck, World Bank Country Director for Cameroon “With this program, Cameroon is expected to address critical bottlenecks to foster inclusive growth and ensure that poorest households are not left behind”.

More specifically, the program will support efforts to rationalize and reduce tax expenditures, broaden the nonoil tax base, increase the efficiency of public procurement, improve civil-service management, greater financial sustainability of the energy sector, improved road maintenance, a more climate-resilient road network, improved performance of logistics platforms and supply chains at the Port of Douala, and increased access to health services and protection for the poorest households.

Original source: World Bank
Published on 15 October 2019