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Cameroon: The ADB's portfolio of operations strengthened

20/05/2021
Categories: Economy/Forex

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The portfolio of operations of the African Development Bank (AfDB) group, which was approximately 900 billion CFA francs (1.6 billion dollars) in 2018, currently stands at 1482 billion FCFA, or 2.7 billion dollars.

The new envelope includes 33 projects and covers several production sectors, including agriculture, health, education, water, energy, transport and infrastructure. According to the Ministry of Economy, Planning and Spatial Development, these funds have contributed to the implementation of the development program, the increase in economic growth and the strengthening of regional integration

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At the end of her stay in Cameroon as ADB country manager, Solomane Koné also announced the launch of the Ring Road construction project in the North-West region, which should lead to Nigeria, whose loan agreement is pending signature, as well as the construction of the bridge over the Ntem River to connect Cameroon to Gabon and Equatorial Guinea.

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