Tuesday, 26 April 2016

World Bank Asks Cameroon to Prioritize Investment, Else Funds Will be Suspended

The Managing Director and Chief Operating Officer of the World Bank, Sri Mulyani is currently in Cameroon. During two of her separate meetings with PM Philemon Yang and some cabinet members in Yaounde, April 25, she asked the Cameroon government to prioritize investment, else funds will be suspended. 

After Mulyani’s meeting with the Ministers of Finance and Economy, Alamine Ousmane Mey and Louis Paul Motaze respectively, she disclosed during an interview that the World Bank is particularly proposing reforms in Cameroon’s energy and power sector, transport, -particularly the reduction of transportation cost in the country and improvement in transportation quality.

Mulyani also added that her discussions with government officials equally centered on the quality of human resource in Cameroon, adding that such is needed for Cameroon to move forward and become a middle and emerging country.

“We also talked about the health sector and how to improve spending by measuring performance and results. The sector of education with focus on affordability of textbooks for students; and how we are going to use our own support to make sure that the government’s ability to implement the reforms is credible and measurable,” she said.

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