The World Bank's portfolio increases by 41% in 4 years

Financing from the World Bank in Cameroon reached almost 1.4 billion (about 700 billion CFA francs) in 2015, an increase of 41% in four years, revealed Binkert, Director operations for this and other countries of Central Africa Monday night at Yaoundé Gregor, at the end of his term.

"If I take as a starting point on my arrival in Cameroon as Director of operations, the volume of financing of the World Bank's portfolio rose nearly 1 billion (968 million) to approximately 1.4 billion (1.365 million) U.S. dollars, an increase of 41%", he said at a ceremony in the presence of members of the Cameroonian Government.

This increase in the volume of commitments was also accompanied by a similar trend for the disbursement ratio, "currently 23% which was only 11% in 2011 and still lower years of front".

"Our commitments cover virtually all sectors of the economy of Cameroon," said the outgoing Director of operations.

This low percentage however demonstrates the inability of the authorities of Yaoundé to better consume contracted credits, a challenge that they are yet to promise to meet, especially for achieving their goal of emergence in the year 2035.

In his speech, the Minister of economy, planning and development of the territory, Emmanuel Nganou Djoumessi, also expressed this intention, welcoming the admission of Cameroon in 2014 at the desk of the International Bank for reconstruction and development (IBRD) as an opportunity which "opens the door to the mobilization of significant resources".

In the meantime, the World Bank is pleased to have participated in the financing of the project of construction of the Lom Pangar dam in the East, expected to produce up to 6,000 megawatts of electricity on the Sanaga River, noted Gregor Binkert, on the occasion of the end of his term marked by the opening of a painting exhibition and photo entitled "Cameroon, a contemporary vision".

Through this event, the place of culture in development is put forward in the commitment of the World Bank with regard to Cameroon, cited with agriculture as a key sector, followed by education and health for human development infrastructure.