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Cameroon: The three-year investment program of 10 billion dollars validated

25/08/2021
Categories: Economy/Forex

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Under the triptych "relevance, credibility and reliability", the work of the three-year investment program will make it possible to discuss the three-year programming of sectoral administrations, to analyze the performance associated with budget programming and to consolidate the entire Expenditure Framework to medium term (MTEF).

Cameroon is already planning for post-Covid economic recovery through the launch of expanded conferences on the 2022-2024 budget programming based on Cameroon's National Development Strategy (SND30). To complete the 854 ongoing projects, the State will have to invest 5,888 billion FCFA (about 10.5 billion dollars) during the period under consideration, including 4,052 billion FCFA from external financing and 1,836 billion FCFA in own resources. In accordance with the approved timetable, the option is to maintain an average 30% investment in the State budget before reaching the expected objective of 40% by 2030. On the basis of the specifications, the implementation of this program focuses on the completion and commissioning of first generation structuring projects, the delivery of projects related to the organization of the African Cup of Nations (CAN) scheduled for January- February 2022, the closure of the three-year emergency plan for the acceleration of growth, the improvement of public expenditure as well as a better rationalization of the financial commitments of the State.

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