African Development Bank representatives in Cameroon on a Consultative Mission.

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Le Ministre de l’Economie, de la Planification et de l’Aménagement du Territoire, Alamine Ousmane Mey, Gouverneur de la Banque Africaine de Développement (BAD) pour le Cameroun, a reçu ce 02 mars 2020 une mission de consultation des administrateurs de la BAD, conduite par Freddy  Matungulu.

Minister Alamine Ousman Mey, who doubles as the governor of the African development Bank in Cameroon has held talks with executive officers from the African Development bank in a working session at his ministerial Cabinet this Monday 2nd of March 2020.
The meeting  was aimed at helping the AfDB get information from the Minister of Economy Planning and Regional Development, who doubles as the Governor, of the African Development Bank in Cameroon, on the socio economic situation of Cameroon; as well as on the evolution of the different projects being realized in partnership with the AfDB.
Minister Alamine Ousman Mey, reiterated that last year, despite the security challenges that the country has been facing, Cameroon recorded an economic growth of up to 4% as well as an inflation rate of below 3%. He explained that government has put in place certain reforms that will help to improve on the Country’s economy. These reforms include amongst others the structural transformation through diversification and improved productivity as well as through exportation policies of local products.
The Governor of the African Development Bank in Cameroon also explained that thanks to the cooperation with the AfDB, Cameroon is executing 35 projects worth 1680billion francs CFA, noting the recent inauguration of the 700m bridge to be constructed over river logone to link Yagoua in the Mayo Danay Division of the Far North region of Cameroon  and Bongor in the Mayo Benyi  division in Chad; a project which will go a long way to improve on circulation at that cross border area, and enhance a good quality of life as well as economic competitiveness between both nations.
According to the executive officer of the African Development Bank, head of delegation Mr Fredi MATUNGULU, apart from talking with government officials, they will also meet with civil society and private partners, in order to have precise information other than what is given to them at the AfDB head quarters , in order to help them in their subsequent decision making. The executive officers from the African Development Bank will be in the country for a week and will also visit the various project sites in Kribi. During this consultative mission, that started on the 28th of February, and will end on Friday the 7th of March, the executive officers from the African Development Bank will visit amongst other projects, the Yaounde development plan and the Deep sea port in Kribi.