63 billion CFA francs to be invested in community development

More than 63 billion CFA francs was distributed in the decentralized territorial communities last year for communal development by the Community Bank.

This sum of money was allocated for the special Fund for equipment and inter-communal intervention (FEICOM), we learned from this public sector.

This envelope has undergone a "significant development" with regards to that of last year, where some 60 billion CFA francs were released by the same institution for the benefit of municipalities.

In the course of fiscal projection this year, the FEICOM stressed on "good mobilization of resources" and transparency as from June 30, 2014,". They made a forecast to account for the revenue amounting to 52 921 444 383 CFA francs, 66 064 616 673 francs CFA which has been mobilized; accounting 124, 84 percent of the whole.