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Cameroun gets FCfa 185 billion EU fund for development

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Friday, 31 October 2014

Cameroun gets FCfa 185 billion EU fund for development

On behalf of Cameroon, Emmanuel Nganou Djoumessi, Minister of economy, planning and the development and Ambassador Françoise Collet on behalf of the European Union (EU) signed on Tuesday in Yaoundé, the indicative framework that spells out how the 11th European Development Fund (EDF) should run from 2014 to 2020. The 185 billion FCFA of this funding program agreed by Brussels in favour of Yaoundé has increased by 11% compared to the previous year. It is registered in the wake of what has already been the EDF in Cameroon, complements the national and bilateral cooperation, while considering similar actions of the EU in Central Africa.

Mr. Nganou Djoumessi and Françoise Collet said, that the fundamental points of this 11th EDF are governance and rural development. It focuses on measures to be taken. For example, publicize the achievements and the deployment of the work of European cooperation in Cameroon. They will have an impact on the development of Cameroon as they fit together in the strategy for growth and employment (OCSG), Ms. Collet hoped. This FED, indeed, is the offspring of the general policy of EU cooperation which is organized around main pillars like good governance, respect for human rights and promotion of democracy, inclusive growth... as the OCSG seeks to make Cameroon an emerging, stable, democratic country and United although as soon as 2035.

Source: cameroonweb.com