Fiscal Consolidation and Inclusive Growth DPO (WB-P163657)

Countries
  • Cameroon
Where the impacts of the investment may be experienced.
Financial Institutions
  • World Bank (WB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Dec 20, 2017
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
MINISTRY OF ECONOMY AND FINANCE
The holder of the loan, grant, or other investment.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 200.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 200.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ WB website

Updated in EWS Mar 16, 2018

Disclosed by Bank Jun 21, 2017


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Project Description

The objective of the operation is to support the Government of Cameroon (GoC) in implementing structural reforms to support fiscal adjustment as well as reforms to boost competitiveness and mitigate economic vulnerability. This operation, in the amount of US$200 million, is the first of three Development Policy Financing (DPF) in a programmatic series. The proposed program is aligned with the GoC’s reform program and with the World Bank Group Country (WBG) Partnership Framework for FY17-FY21. The DPF series supports structural reforms that will restore fiscal stability while improving competitiveness and protecting the poor through fiscal adjustment. Reforms would support increased productivity by removing bottlenecks in the infrastructure sector, and higher efficiency and more equitable access to social services, by improving service delivery in health, education and scaling up social protection. They will also address inefficient procurement practices and weak management of public enterprises.

Investment Description
  • World Bank (WB)
Contact Information
Contact:Jean Tchoffo
Title: Secretary General, Ministry of Planning and Regional development
Tel: 237-222 224864
Email: jtchoff@yahoo.f

 

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