YAOUNDE, April 22, 2016 – The World Bank’s Managing Director and Chief Operating Officer, Ms. Sri Mulyani Indrawati, will be in Cameroon on April 25, 2016 to meet with government officials, private sector representatives, and civil society actors.
The objective of the visit is to strengthen the partnership between the World Bank and Cameroon and discuss the government's priorities: promoting inclusive growth and addressing disparities in poverty, implementing structural reforms to foster accelerated growth, and improving the business climate to promote job creation.
During her visit, Ms. Indrawati will meet with high-ranking government officials to discuss Cameroon’s development challenges and the ways in which the World Bank can support the country to maximize its potential and achieve its development goals.
The Managing Director will also meet with beneficiaries of the Social Safety Nets Project through which the government is providing targeted assistance to the most vulnerable citizens in urban and rural areas. This project is supported by the World Bank. Ms. Indrawati will also meet with private sector representatives working in the areas of agriculture and energy to discuss the opportunities and challenges they face in their respective sectors.
Cameroon joined the World Bank in 1963. The current World Bank portfolio in the country is composed of 20 active projects in the education, energy & extractives, agriculture, water and sanitation, transport, trade, community development, social safety, health and environment sectors. The total amount of these operations is close to US$1.338 billion, financed with IDA funds under concessional loan conditions.
IFC’s committed portfolio in Cameroon stands at US$104.8 million and is mainly focused in the energy, financial and insurance sectors.
