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Cameroon: FEICOM announces a balance sheet of 207 billion FCFA

16/02/2022
Categories: Companies

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The Bank of Municipalities, known as the Special Intermunicipal Intervention Fund (FEICOM), has published its results of activities for the 2020 financial year. The figures are essentially positive.

The activity report focuses in particular on the execution of four priority programs focused on the mobilization and provision of resources, local development, governance and management and administration. On the financial level, the resources mobilized by the institution amount to 207 billion FCFA (358 million dollars) including 150 billion FCFA (260 million dollars) for expenditure, which represents a positive difference of 57 billion FCFA ($99 million).

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