Federal Republic of Germany -Cameroon Cooperation: subsidies to continue

In a public disclosure by the relevant department of the Ministry of Economy, Planning and Regional development, it was revealed that the Federal Republic of Germany has granted Cameroon a 56,766 billion CFAF package as funding for the three-year cooperation programme running from 2014 to 2016.

The funds will go to strengthen financial cooperation to the tune of 31,488 billion CFAF. Special emphasis will equally be placed on the programme to modernize public fund management, rural development, decentralization, sustainable management of natural resources in the South region, climate protection under REDD as well as access to reproductive health care services.

The remaining amount, estimated at 25,256 billion CFAF will be devoted to supporting technical cooperation in implementing: ‘forest and green environment’ sub-strategies, public fund management, rural development, conducting studies/research as well as health including the fight against maternal mortality.

The grant is expected to help boost Germany’s cooperation ties with Cameroon by enhancing sustainable natural resource management, the decentralization process, good governance, rural development as well as the fight against maternal and infant mortality.

The funds equally come to ensure the continuity of subsidies Cameroon has been receiving since 1960 as part of German development cooperation, totaling an estimated 595 billion CFAF.

For further information please consult the link below:

♦ Cameroun: 56,744 billion FCFA received from Germany as part of three-year cooperation programme – ‘The Federal Republic of Germany recently donated a 56,744 billion CFAF package to Cameroon as funding for the 2014-2016 three-year cooperation programme,’ APA was informed by the relevant services if the Ministry of Economy, Planning and Regional Deelopment : Learn more... Cameroun : 56,744 milliards FCFA de l’Allemagne pour le programme triennal de coopération -

♦ Cameroon: 56,744 billion FCFA received from Germany as part of three-year cooperation programme

(APA 15/05/14)

- See more at: Here

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