World Bank grants Cameroon CFA200bn+ loan for local development projects

The World Bank announced it has approved a loan of $300 million (more than CFA200 billion) to help Cameroon implement local development projects. In a September 28 statement, the international body said the fund will be channeled through the International Development Association (IDA); 180 municipalities, totaling about 1.5 million people, will directly benefit from this new vehicle, which the World Bank says will help local authorities better manage resources and provide better services to the population while improving access to climate-resilient infrastructure. “We are well aware that vulnerability and poverty are worsened by the increased challenges of natural hazards and climate…