Director General, ADB Development and Service Delivery Office for Central Africa Ousmane Doré reveals ADB’s portfolio in Cameroon stands at FCFA 800 billion.
From the tete-à-tete of the Minister of Finance Louis Paul Motazé with Ousmane Doré, Director General, ADB Development and Service Delivery Office for Central Africa on May 11, 2018, Cameroon News Today- CNT learned of the disclosure of ADB’s portfolio in Cameroon which stands at FCFA 800 billion.
This funding makes it possible, Cameroon News Today- CNT gathered, to conduct 32 projects, mainly concentrated in the infrastructure sector. Among these, there are also integrative projects, which concern several countries, notably, construction of the Bamenda-Enugu road connecting Cameroon to Nigeria, or the bridge over the Logone, connecting Cameroon to Chad; as well as projects specific to Cameroon.
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This statistic reveals a further increase of the ADB portfolio in Cameroon, which was estimated at FCFA 680 billion, according to an evaluation made in April 2017 by Racine Kane. As the resident representative of this pan-African financial institution in Cameroon, he had pointed out that ADB assistance to Cameroon had quadrupled in four years.
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