More than US$100 million in loans were authorized by the World Bank on Monday (May 2) to help Cameroon deal with food and nutrition shortages. The financing will be provided by the International Development Association, according to a press release (IDA).
The fund will support “Cameroon’s efforts to boost food and nutrition security, as well as targeted households and producers’ resilience to climate shocks.” More than 419,000 individuals will benefit from it, including “260,000 food insecure and vulnerable people and 159,000 farmers, pastoralists, and fishers from crisis-affected communities in the Far North, North, Northwest, Southwest, Adamawa, and East.”
“We know that agriculture employs roughly 43% of the workforce in Cameroon. However, due to present climate circumstances, over 2 million people, or 9% of Cameroon’s population, live in drought-affected areas, putting nearly 8% of the country’s GDP at risk,” said Abdoulaye Seck, World Bank Country Director for Cameroon.
“Support early shock-response food and nutrition stabilization,” “strengthen climate-smart production of smallholders,” and “support the Government’s food security crisis monitoring and coordination capacity, including through innovative digital and information systems,” will be the three main objectives of the project.
Its ultimate purpose is to improve “agricultural, livestock, and fisheries sector productivity and market access.
Action Against Hunger issued a warning in February that many of the country’s poorest families were running out of food. By June 2022, more than 900,000 individuals will be facing “severe acute food insecurity with an urgent need for food assistance,” according to the organization.