World Bank boasts of "active projects" of about 500 billion CFA francs in Cmr

In a statement released, July 21, 2014 by the World Bank (WB), at the occasion of the visit of its Vice President for the Africa Region, Makhtar Diop to Cameroon, the international financial institution announced that it currently holds a portfolio in the country with "23 active projects", for a total cost of 500 billion CFA francs (1.17 billion U.S. dollars).

According to the Bretton Woods institution, these projects are "zero funded" under the International Development Association (IDA) at concessional rates of WB group, whose main objective is to provide funding to develop the world's poorest countries.

The portfolio of the international financial institution should further grow with the admission, in April 2014, of Cameroon to the funding of the International Bank for Reconstruction and Development (IBRD), at non-concessional rates for the World Bank, this time, funding for so-called "middle-income" countries.