Cameroon joined the World Bank in 1963. Since then, World Bank assistance has focused on helping the country achieve sustainable economic growth while reducing poverty. For more on the World Bank in Cameroon, visit the Country Brief .
Interim Strategy Note, FY 2007 - 2008
In December 2006, the World Bank’s Board of Executive Directors discussed the FY07-08 Interim Strategy Note (ISN) for Cameroon. The ISN extended the FY 2004-06 Country Assistance Strategy (CAS) to ensure that the next CAS—envisioned as a joint strategy with other development partners—wa s aligned with Cameroon’s second Poverty Reduction Strategy Paper (PRSP).
The government of Cameroon has grand ambitions for its future, as reflected in its “Vision 2035”. This policy document serves as the anchor for the new PRSP , the Growth and Employment Strategy (Document de stratégie pour la croissance et l’emploi - DSCE), and envisions Cameroon as an “emerging nation, democratic and united in its diversity” by 2035. Its principal objectives include: i) reducing poverty to less than 10%; ii) becoming a middle-income country; iii) being considered an industrialized nation; and iv) consolidating democracy and national unity.
Aligned to the new poverty reduction strategy, a CAS is in preparation and is expected to be completed in the fall of 2009. The Bank program will directly respond to the government’s stated vision and intentions as outlined in their Vision 2035 and the DSCE, which emphasize economic growth . For this reason, the Bank’s overall response will center on the notion of “inclusive growth” during the CAS period. The proposed CAS pillars have been selected based on the main areas of focus of the DSCE’s growth strategy: increased competitiveness and improved service delivery.
For more information, see the Interim Strategy Note (PDF 5.6 Mb). |
