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World Bank’s investment portfolio in Cameroon reaches XAF1,240bln over nearly 4 years

World Bank’s investment portfolio in Cameroon reaches XAF1,240bln over nearly 4 years
  • Comments   -   Wednesday, 20 March 2019 15:52

(Business in Cameroon) - Over the past three and half years, the World Bank invested in a total of 19 projects in Cameroon, including 17 national and two regional projects, for a total amount of $2.145 billion, or about XAF1,240 billion.

These projects covered areas such as energy, transport, rural development, education, social protection and health, according to information revealed March 19, 2019 in Yaoundé during the opening of the joint review of the World Bank-Cameroon portfolio. 

“Diversified WB operations in Cameroon is in line with the government's objectives, which, in its strategy for growth and employment, aims to achieve higher middle-income country status by 2035,” said Mazen Bouri, World Bank Program Officer and Director of Operations representative at the Yaoundé Open House on 19 March 2019.

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