World Bank grants Cameroon CFA200bn+ loan for local development projects

The World Bank announced it has approved a loan of $300 million (more than CFA200 billion) to help Cameroon implement local development projects. In a September 28 statement, the international body said the fund will be channeled through the International Development Association (IDA); 180 municipalities, totaling about 1.5 million people, will directly benefit from this new vehicle, which the World Bank says will help local authorities better manage resources and provide better services to the population while improving access to climate-resilient infrastructure.

“We are well aware that vulnerability and poverty are worsened by the increased challenges of natural hazards and climate change. These phenomena have serious consequences for the most vulnerable communities in all regions, who face the deterioration, destruction, or loss of their habitat, livelihoods, and crops. It is thus important in this context to support communities and local governments, such as municipalities and regional councils, to develop and provide access to climate-resilient infrastructure and to further promote citizen participation to optimize resource management and ensure inclusive services,” said Abdoulaye Seck, the World Bank’s Country Director for Cameroon.

Written by BRM

Translated from French by Firmine AIZAN

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