Economy Minister Louis Paul Motaze signed on June 5, 2017 in Yaoundé with the French ambassador Gilles Thibault and the director of the French Development Agency AFD Christian Yoka, the assignment contract of the 3rd C2D in the amount of 13.12 billion FCFA.
This contract relates to the complementary financing of the third phase of the Participatory Development Program (Pndp). This will include improving the provision of socio-economic services resulting from communal plans, strengthening the capacities of the actors, deploying territorial planning engineering, and supporting the sustainability of Pndp’s achievements. Six regions are involved in the activities of this third phase. Namely, the Center, the Littoral, the Northwest, the West, the South and the Southwest.
Pndp is a government program designed to be implemented in 3 phases of 4 years each. The first was funded by CFAF 27.17 billion from the public investment budget (283 billion), the World Bank (9.7 billion), the first-generation C2D (13.1 billion ), German cooperation (4.6 billion), HIPC funds (4.25 billion and beneficiary contributions), and only six regions of the country.
The second phase of the Pndp has been extended to all 10 regions, bringing the number of intervention councils of the program to 329, for a total budget of 68.26 billion.