Germany raised almost 43 billion FCFA for Cameroon in 2013

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Germany raised almost 43 billion FCFA for Cameroon in 2013

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- Wednesday, 08 October 2014 02:11

(Business in Cameroon) - According to Klaus-Ludwig Keferstein, the German Ambassador to Cameroon, his country raised close to 43 billion FCFA for Cameroon in 2013 out of the 99.5 billion planned for the 2011-2013 period.

The German diplomat, who revealed this information at a reception held on October 2, 2014, ahead of the celebration of Germany’s Unification Day on October 3, indicated that this financial support contributed to the country’s decentralisation process, the modernisation of public finance and rural development.

For the 2014-2016 period, it was revealed in May, during negotiations between the governments of Cameroon and Germany, that the amount to be disbursed has increased by 11% in order to support decentralisation and local development in particular.

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