State Projects: CAA organises an awareness and sensitization seminar

Officials of the Independent Pension Fund for Amortization of Cameroon (CAA) are organizing a seminar on awareness and dissemination of the simplified procedures and information system manual for the management of the state projects.

The seminar will take place on Thursday, September 3 in Yaoundé. According to the CAA, the reason for the seminar is to enable technical development partners of Cameroon to manage funds allocated to projects is insufficient. It was a failure manifested especially through abnormally long deadlines for the effective start-up of activities of the projects and the low level of disbursements.

After criticisms from development partners, CAA undertook a study to identify the main obstacles to a better absorption capacity of external aid intended for the financing of projects. This resulted in the establishment of a platform for the management of the funds for borrowing and a simplified procedures manual.

The CAA provides that "with the relevance and effectiveness of this new platform of management of projects in their phases of disbursements that have been validated, the World Bank and other multilateral donors currently funding projects in Cameroon have stated their interest for its immediate use.”

This led to the seminar placed under the patronage of the Minister of finance. This workshop is intended for all stakeholders in the field of the management of the projects within the state, including sectoral ministries and donors.

It is worth noting that "the participants in the seminar should be actors in decision-making within the foregoing entities, i.e. Ministers or their representatives, representatives of the donors’ resident missions, project coordinators and project officers.”

At the end of the seminar, the CAA hopes that participants will be educated on the new standards and practices that will be implemented to reduce the under consumption of appropriations allocated to the financing of development projects in Cameroon.