(Business in Cameroon) - President Paul Biya (photo) issued on February 22 a decree enabling the economy ministry to sign with the International Development Association (IDA), World Bank’s arm, a loan agreement for €142.7 million, about XAF93.6 billion.
The government intends to use the money for the Inclusive and Resilient Cities Development Project (Pdvir), which follows the Urban Sector Development and Water Supply Project (Pdue). Through the project, the World Bank aims to support government efforts to improve living conditions in urban area, in response to natural hazards. Seven cities are targeted, particularly poor and vulnerable neighborhoods. These include the communes of Yaoundé 5 and 7, Douala 3 and Douala 5, the cities of Ngaoundéré, Batouri and Kumba.
Let’s note that Pdvir also plans to carry out road works and provide structural facilities in the cities of Kumba, Batouri and Ngaoundéré.