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Support for development projects: five new project loan agreements signed

28/05/2025
Source : ORISHAS FINANCE
Categories: Sectors

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The Autonomous Amortization Fund (CAA) announced that the Cameroonian government has intensified its mobilization of external financing to support its development projects in the first quarter of 2025. Five new project loan agreements have been signed.

More than half of the financing (56%, or 136 billion FCFA) are concessional loans obtained on favorable terms from partners such as the World Bank (IDA, 63 billion FCFA), the European Investment Bank (63 billion FCFA), the European Investment Bank (28 billion FCFA), the European Investment Bank (28 billion FCFA), the European Investment Bank (28 billion FCFA), and the African Fund for African Development Bank (8 billion FCFA). The total amount of loans amounts to 242.9 billion CFA francs

.

Also, a non-concession loan of 106.9 billion FCFA was contracted from the African Development Bank (BAD) for the rehabilitation of the Garoua-Ngaoundéré road. Other non-concessional loans, for a total amount of 236.3 billion CFA francs, are in the process of being formalized. These loans will in particular be used to finance structural projects such as the development of the Ebolowa-Kribi road (130 billion FCFA from the Standard Chartered Bank), the Support Project for the Promotion of Entrepreneurship and the Improvement of Skills in Support of Industrialization (41 billion FCFA from the ADB) (41 billion FCFA from the ADB), the Support Programme for the Recovery of the Electricity Sector (48 billion FCFA from the ADB) and the Project of development of the cha& Here is worth rice (15 billion CFA francs from the OPEC Fund

).

In reality, this funding concerns the central administration exclusively and does not take into account the funds raised on the financial markets.

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