(Business in Cameroon) - As a means of improving the management of external fund granted to Cameroon for its development projects, the World Bank announced that a ‘’seminar on awareness-raising and popularization of a simplified procedures’ manual for Cameroon’s projects’’ will be held in Yaoundé on the 3^rd of September 2015.

Indeed, ‘’in regards to the realization of development projects in Cameroon, the capacity for the management of allocated funds is often insufficient. This results in unusually long delays upon starting projects on one hand, and in low disbursement rates on the other‘’, said the Bretton Woods institution.

To reverse this trend, with the help of Cameroon’s World Bank representative, the Autonomous Amortization Fund (CAA) has initiated a study to identify and eliminate all obstacles to the disbursements of loans and foreign grants which have been raised for Cameroon’s government.

This partnership allowed for the implementation of an integrated system for disbursement (SIGED) and a simplified procedures’ manual for the state’s projects. And the presentation of these two instruments to the various sectorial ministries and investors, during the seminar which is to be held on September 3, 2015, in Yaoundé, should help “reduce the major drawbacks associated with the low disbursement rates on all investment and developments projects” in Cameroon, revealed the World Bank.