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Infos Business of Saturday, 11 June 2016

Source: businessincameroon.com

IDB strengthens cooperation with Cameroon

Minister of Economy, Planning and Land Development (Minepat), Louis Paul Motazé Minister of Economy, Planning and Land Development (Minepat), Louis Paul Motazé

Mr Abakar Abdoulrassoul is now the representative of the Islamic Development Bank (IDB) in Cameroon, the Minister of Economy, Planning and Land Development (Minepat), Louis Paul Motazé, announced in an official communiqué.

According to this government member, the main missions of the local representative of IDB are: “working to promote the cooperation relations between IDB and Cameroon in general, at with the management units of the projects financed by IDB in particular. Moreover, the local representative will have to regularly monitor the projects of this institution, in order to ensure their effective implementation”.

Through the recruitment of a local IDB representative, the Cameroonian government believes that “the partnership with this institution has just been strengthened”, which could “also contribute toward speeding up the progress of development projects financed by this partner”.

For several years now, IDB is among the main financial sponsors of Cameroon. The interventions of this financial institution in the country are more visible in the sectors of agriculture and livestock, followed by the construction of road infrastructure.