(Business in Cameroon) - In a release published on July 21, 2014 by the World Bank during Vice-President for the African region, Makhtar Diop’s visit to Cameroon, the international financial institution currently has a portfolio of “23 active projects” in the country, for a total cost of around 500 billion FCFA (1.17 billion USD).

According to the Bretton Woods institution, these projects are “financed at a zero rate” under the funds of the International Development Association (IDA), a World Bank concessional rate agency which mainly aims to provide financing for the development of the poorest countries in the world.

The international financial institution’s portfolio should grow with financing access being granted, in April 2014, to Cameroon by the International Bank for Reconstruction and Development (IBRD), a non-concessional rate World Bank agency, in this instance, for financing countries said to be of “middle income”.