In the framework of the third debt Reduction-Development Contract (Contrat de désendettement et de développement -C2D) Cameroon and France signed a CFA36 billion financing agreement on June 27, 2018, official sources reveal.
This agreement was signed by Cameroon’s ministers of economy and finance and the French ambassador to Cameroon, Gilles Thibault (photo).
According to the parties, this fund will be used to fund three projects. They are namely the support project for the valorisation, transformation, and industrialisation of agricultural products (projet d’appui à la valorisation, la transformation et l’industrialisation des produits agricoles-Transfagri); the fund for technical assistance to the elaboration of public policies (Fonds d’assistance technique à l’élaboration des politiques publiques-Fatep) and the Programme “Capitale régionales II”.
Let’s remind that in the past 10 years, CFA566 billion was provided to Cameroon in the framework of the past two C2D contracts. These funds helped Cameroon implement education, health, agriculture and town planning projects.