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Cameroon (1) -- Analyses -- 2010

More about the Programme

10.06.2010

“The Islamic Development Bank allocated 4 billion US Dollars (over FCFA 2,200 billion) from its own resources for the five-year programme and we are planning to mobilise additional 8 billion US Dollars ( over FCFA 4,401 billion)”, Ahmad Mohamed Ali said in an interview after the audience. The IDB President who was accompanied to the Prime Minister’s Office by Cameroon’s Minister of Economy, Planning and Regional Development, Louis Paul Motaze, is in Yaounde for the Sub-regional Ministerial Forum on the Implementation of the Special Programme for the Development of Africa taking place this June 8 and 9. The meeting, he stated is organised to review the special programme established in response to the needs of the 27 African member countries of the bank. While appreciating the level of the implementation of the programme, Mr Mohamed Ali said they were ahead of the schedule. “We are on tract and we are confident that with the support and guidance of all member countries, we are going to carry out the programme successfully”.
IDB President said Cameroon was a major important member country and disclosed the very first project the bank sponsored was Cameroon’s Songloulou hydro electricity dam project in 1977. ” Since then, cooperation between Cameroon and IDB has been growing in the areas of roads, agriculture and education”, he said, adding that relations between Cameroon and the bank will be enhanced after the Yaounde forum.