Cameroon – Developmental Aide: The European Union grants CFAF 6.6 billion for economic development to Far North Cameroon

Written by Deckson N.

On the 20th of December, in Yaounde, representatives of the French Embassy in Cameroon (Philippe Larrieu) and the French Development Agency (Agence Française de Développement) (Christian Yoka) signed on behalf of the Cameroonian government via Louis Paul Motaze (photo), a financing agreement worth 6.6 billion FCFA, in support of local economic development in the Far North, wounded by the war against the terrorist sect Boko Haram.

This investment project in the northern part of Cameroon aims to promote the employment and integration of young people through the labor-intensive approach.

Agreement between the parties in the framework of the National Participatory Development Program (Programme national de développement participatif – Pndp) and is financed by the European Union’s Emergency Trust Fund for Stability, tackling the root causes of Irregular migration and the phenomenon of displaced persons in Africa.

The Trust Fund, which contains 1.8 billion euros (about 1179 billion CFA francs), comes from the EU budget and the European Development Fund (EDF). Member States’ contributions so far amount to € 81.3 million (CFAF 53.25 billion).

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Deckson N.

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