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MINEPAT Chief Alamine Ousmane Mey signs three conventions of more than 18 billion FCFA with the French Development Agency

Cameroon’s  Minister of Economy, Planning and Regional Development (MINEPAT), Alamine Ousmane Mey has published a press release detailing how the funds of the three conventions signed on 18 May 2020 with the French Development Agency (AFD) will be used.

These conventions of about 18, 443 billion FCFA were signed by exchange of notes between the two parties, because of the Covid-19 pandemic. “According to the MINEPAT press release, this funding relates to the response to covid-19, support for economic development in the Far North region and the construction of the headquarters building of the National Civil Registry Office.”

Specifically, “with regard to the response to the pandemic, the allocation agreement of the 3rd Debt Reduction and Development Contract (C2D), amounting to approximately 6.5 billion FCFA is intended for the establishment of sector budget support ” Covid-19 response” … this envelope will strengthen the management of cases of covid-19, especially severe cases in referral hospitals of Yaoundé, Douala and Bafoussam and massively acquire personal protective equipment and biomedical equipment.”

“As for the project to support the economic and social development of vulnerable rural areas in the Far North region through the High Labor Intensity approach; it received a subsidy of approximately 9.643 billion FCFA … the last agreement signed between the two parties affects the allocation of the 3rd C2D, in the amount of approximately 2.3 billion FCFA for the partial financing of the project construction of the headquarters building of the National Civil Registry Office (BUNEC). This project, valued at around 6.37 billion CFA francs, will be supported at around 4.07 billion CFA francs by the state budget.”