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France Aids Cameroon with 4.8 Billion Frs!

This is thanks to two financing agreements signed by the Minister of Economy, Alamine Ousmane Mey, and the Director of the French Development Agency (AFD) in Cameroon, Virginie Dago.

Worth 3.8 million euros (approximately 2.5 billion FCFA), the first agreement is intended to finance the construction project of a research center in environmental biogeosciences.

This center, will allow researchers to highlight their knowledge to better understand the issues around climate change, the environment, geology and biodiversity.

The second agreement, for an amount of 3.5 million euros (approximately 2.3 billion FCFA) relates to the financing of the project to strengthen civil status in the West region.

According to Virginie Dago, the latest figures show that in 2014, only 2/3 of children under 5 had civil status documents in this region. Hence the importance of such an initiative, which conditions people’s access to education, health and socio-economic integration.

According to the AFD Director, these two projects are financed by France because they are identified as priorities by the Cameroonian government. The agreements signed fall within the framework of the 3rd Debt Reduction and Development Contract (C2D).

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