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France Offers Cameroon FCFA 213B For Rural Development 

By Sixtus Mbom

The French government has offered FCFA 213 billion to Cameroon for the development of agriculture, fisheries and electricity in rural areas.

Cameroon will receive the offer within the context of the Debt Relief and Development Contract between Cameroon and France. The Minister Delegate at the Ministry of Economy, Planning and Regional Development, MINEPAT, Abdoulaye Yaouba, and the French Cooperation Minister of European and Foreign Affairs, Henri De Raincourt, signed the deal in a solemn ceremony, July 1.

The FCFA 213 billion offered to Cameroon is the second under the framework of the Debt Relieve and Development Contract for Heavily Indebted Poor Countries, which is commonly known by its French abbreviation, C2D.

The government of Cameroon is expected to spend FCFA 128 billion (60 percent of the total sum), on agriculture and rural development, while FCFA 73 billion shall be spent on Urban and Infrastructural Development. FCFA 9.8 billion shall be spent on professional training and FCFA 3 billion has been set aside for feasibility studies on the third contract. This aid covers a period of five years, from May 2011 to April 2016.

During the signing of this document, the Minister told the French delegation that the first CD2 (FCFA 352 billion), was effectively used for the improvement of urban and rural road networks, support of professional training, construction of classrooms, placement of teachers of basic education and supply of equipments to hospitals and health centres. He expressed gratitude to the French Government and the French Development Agency, AFD, for their support and cooperation with Cameroon, which he said, have been growing constantly.

According to a communiqué from the French Embassy, the C2D is an opportunity to foster and pursue the spirit of partnership put in place by the Poverty Reduction Strategy Paper and the Growth and Employment Strategy Paper, GESP, which projects Cameroon’s development potentials in 2035.

This contract is also expected to boost efforts of coordination, harmonisation and efficiency of the aid by valorisation of agreements between France and Cameroon, especially the Paris Declaration. Cameroon began gaining CD2 funding when it reached the completion point of the Heavily Indebted Poor Countries Initiative, HIPC, in 2006. One of the projects executed with the funds is the fly-over at the round-about near the police headquarters in Yaounde.

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