Top News Economy Cameroon still temper itself by a new loan

Cameroon still temper itself by a new loan

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Cameroon wants to borrow an amount of 34.6 Billion at the Islamic Bank of Development.

Seeing the crisis in which Cameroon is passing through all this times in many domains, this reduces it entrances, what makes a reduction of its economical results.

President Paul Biya authorized Alamine Ousmane Mey to signe three covenants of loan of an amount of about 34.6 billion with the Islamic Bank of Development.

The first accord is a lent of an amount of 3.55 million of Islamic Dinar, corresponding to an amount of 4.9990 million of dollar, about 3.22 billion of FCFA; for financing a project of agricultural infrastructure and the development of manacles of value in Cameroon.

The second empowerment of the minister of economics is an accord borrow of 15.720 million of Dollar, which is equal to an amount of about 10.15 billion of FCFA, still for a project of construction and installation of an agricultural infrastructure and a development manacles of the country.

The last presidential decree empowering the minister of economics for a lent for “LIVES AND LIVEHOOD FUND” and temporally sell of an amount of 33 million which is equal to about 21.3 FCFA.

We hope that one day will come that Cameroon will stay out of borrows.

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Mathieu Dilla Yadji
Mathieu Dilla Yadji is passionate about journalism. He is English correspondent of chateaunews.com Adamawa

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