According to Elisabeth Huybens (pictured), director of the World Bank’s operations for Cameroon, the government is making significant progress in disbursing the funds made available to her by the World Bank Group. On March 29, at a meeting at the Ministry of Economy, she revealed that the rate of these disbursements rose from 7.5% in 2016 to 23% last year.
“Overall, we can say that the performance of the portfolio is relatively satisfactory. It has improved dramatically over the last four years, thanks to the efforts of the project teams that I congratulate and to the support of the government, “said the World Bank’s Director of Operations for Cameroon.
As a reminder, in order to accelerate the disbursement of external financing, the Sinking Fund Authority (CAA), the manager of the Cameroonian public debt, set up in 2015, with the assistance of the World Bank, a new device called Integrated Disbursement Management System (Système intégré de gestion des décaissements – SIGED), as well as a simplified procedures manual for state projects.
According to World Bank experts, the instruments were designed to “reduce major obstacles related to the low disbursement rates of foreign aid funds for the implementation of investment and development projects“.