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PARECAM—Phase 1: The ADB is satisfied with the implementation of the program

10/07/2023
Source : ORISHAS FINANCE
Categories: Sectors

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Le programme d' appui à la relance économique du Cameroon (PARECAM—Phase I) was concluded on 26 December 2022. The African Development Bank (AfDB) is satisfied with the implementation of this first phase. This was revealed in its report on the state of implementation and results (EER) last March.

It was at the end of the first supervision mission that the Bad made the observations. The state of implementation and results (EER) considers that the mission “a made it possible to confirm and validate the advances already made in the quest for the various objectives identified”. Indeed, after having injected 53.1 billion FCFA into PARECAM—Phase I, the financial institution bases its satisfaction on the dematerialization of the tax system and on improving the quality of public

spending.

En réalité, le PARECAM-Phase I, aims at fiscal consolidation, the structural transformation of the economy, supported by industrialization led by the private sector. It is implemented by the Cameroonian Ministry of

Finance.
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