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World Bank wants more ‘rigorous’resources management

APAnews | The World Bank (WB) in a report on the Cameroonian economy seen by APA on Monday has called on the country’s authorities to be “more rigorous in the management of financial resources”.

It said the WB “draws the government’s attention to the need to reduce the state’s spending”, in particular by reducing operating expenses and increasing public investment.

In Cameroon, more than 2000 billion CFA francs or 52 percent of the national budget was allocated to the functioning of the state in 2017.

This was cash used in “the organization of seminars, the payment of bonuses and gratuities, mission and representation expenses.”

According to the World Bank, these “sumptuous” expenditures are at the root of overcharging, corruption and other acts of bad governance that plague Cameroon’s public administration.

In addition, the report cited, as an example, that “35.5 billion CFA francs were spent on fuel and 42 billion CFA francs on bonuses and gratuities.”

The World Bank said Cameroonian leaders must, therefore, reduce the state’s costs and focus on productive investments, so as to avoid bankruptcy.

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6 comments

  1. SEPARATIST aka SECESSIONIST

    1. Commission on bilingualism spent FCFA 700 million on 15 limousines
    2. Commission on disarmament is asking for FCFA 700 million for 15 SUVs
    3. The Highly Indebted Poor Country ( HIPC) has more ministers than the US, UK and France COMBINED
    4. The HIPC borrows FCFA 75 billion to buy 500.000 election computers
    5. The HIPC has a cabinet of ministers in Kondengui
    6. The President of the HIPC rents a complete floor at the Hotel Intercontinental
    7. The HIPC is fighting a sh*thole UNWINNABLE war
    8. etc

    In sum, the HIPC falsely referred to as “one and indivible” LRC is cursed.

    • Boy, these financial institutions and foreign gov`ts, should shut up after realizing,
      that they have all failed. These peoples, have representation inside the country,
      are aware of what is going on, continue to pump more loans into the hands of the
      crooks, understand that the rate of corruption and theivery is too high, but turn
      around, and play the ostritch. A short while ago, there was a report on this webpage,
      stating a silly budget statement. The language, resembled only that of scammers,
      which these foreign crooks, always love to see and accept. What brings them to this
      conclusion, when this theivery, has been on for as long as Mr. Biya has been in
      power? That is China plundering the future economy, and it is good.
      When Ambalanders see and complain, they are killed. Conscience is good

      • Boy, i learned this thing in my history class, long ago when the likes of
        Ras, Penguiss, dumb bamendaboy etc, where not born, that the UN for
        example, receives a complaint, but doesn`t act immediately. The above
        report, reminds me or more to come. Those institutions and gov`ts, have
        no guns to ship to fight a visible war in Cameroon, but the invisible war,
        is on.
        While Ambalanders are killed and tormented like dogs should, the white
        man, is planning and coming step by step. Those who have been killed,
        will be killed, can`t go to their fatherland etc, don`t need to worry
        much. If the ordinary folks can`t do it, those with a better brain, will do
        it. And it is comming. Once more, happy Christmas / happy New Year to
        all Ambazonians, dead or alive. Our God is alive, we aren`t FORSAKEN.

  2. Augustine Enow Agbor

    Eme fence 2035 in action. This is what I have been writing here, so do we need to wait for the world bank to tell us. The total budget of the Republic of Cameroon with 24 million people is $6.5 billion , while Finland with 4.5 million people has an education budget of roughly $7 billion. We are not creating wealth as a nation.

  3. Augustine Enow Agbor

    Emergence 2035 in action. This is what I have been writing here, so do we need to wait for the world bank to tell us. The total budget of the Republic of Cameroon with 24 million people is $6.5 billion , while Finland with 4.5 million people has an education budget of roughly $7 billion. We are not creating wealth as a nation.

  4. Good banks help customers toe the line of good fincial management. Surely the WB has not helped Cameroon to mature in this area.