World Bank Lends Cameroon $743 Million for Development Projects

Bloomberg | The World Bank will give Cameroon concessional loans worth a total of 632 million euros (about $740 million) to support development projects in the central African economy.

Alamine Ousmane Mey

The funding is earmarked for an agriculture development project in northern Cameroon, a secondary education support project, the Cameroon-Chad Electricity Interconnection project to allow the country to export power, and a women’s initiative, Cameroon’s Economy Minister Alamine Ousmane Mey told reporters in the capital, Yaounde.

Mey spoke alongside World Bank Vice President for West and Central Africa, Ousmane Diagana.

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  1. 748 million should not even be the annual budget of a small village is not printed bank notes but value.if we target a particular market and concentrate on serving it.they will give us bank notes in put it simple,if we grow apples and export to thailand which import apples a year for over 50 million euros.they will give us bank notes.

    • What makes it difficult, for you to go lecture Biya and his gov`t, so that
      he can have a legacy at least?

      • Joshua,,,, so you need beya to take a cutlass and join me in the farm? Very soon you will say biya is holding rain from falling

        • hahahaha biya donc suffer for ambafools their hand. very soon they go say na bcuz of biya weh their woman no de sleep with them. lazy youths.

  2. These people who are fighting a war can take a loan of just $743 Million? wanders they can borrow this kind of small money? at nation financing a war? is this a joke. People from other continents really look down on us.