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Welcome! The World Bank In Cameroon
Greg Binkert, Country Director, World Bank, Cameroon

Welcome to the website of the World Bank Country Office in Cameroon. The World Bank Cameroon Office is situated in Yaoundé and opened its doors in April 1964. Today, the office has over 40 staff from all over the world and manages a portfolio of more than one billion US dollars. The team also develops analytical work in a number of sectors, including ongoing economic analysis.  

In March 2011, the World Bank Board of Directors adopted a new partnership strategy for the African continent. Entitled “Africa’s Future and the World Bank’s Support to It,” the strategy emphasizes three key areas: (i) competitiveness and employment; (ii) vulnerability and resilience; and (iii) governance and public sector capacity. This strategy uses three main instruments for its implementation: partnerships, knowledge, and finance.

Based on the national development priorities, as expressed in Cameroon’s “Vision 2035” and its “Growth and Employment Strategy” (DSCE), the World Bank’s engagement in Cameroon is outlined in a Country Assistance Strategy (CAS). The main objective for the Bank’s work during the 2010 – 2013 period—as outlined in this CAS–is to support inclusive growth, underpinned by two strategic themes: (i) improvement of competitiveness and (ii) improvement of service delivery. Governance is a crosscutting theme of the strategy.

The World Bank portfolio in Cameroon has 25 projects, totaling US$ 1,087.5 million. The portfolio has a focus on the transport, energy and urban development sectors, but the Bank is also present in the education, health, agriculture, telecommunications, water & sanitation, and governance sectors.

Most recently – in March 2012 – the World Bank Board of Directors approved US$ 132 million in financing for Cameroon’s Lom Pangar Hydropower Project (LPHP), for the development of a regulating dam on the Sanaga River in Eastern Cameroon. The project totals about US$ 500 million and the World Bank works in partnership with the Government of Cameroon, the African Development Bank, the Agence Francaise de Developpement, the European Investment Bank, and the Central African Development Bank. The project will finance the Lom Pangar dam to store water during the rainy season and later release it during dry periods, to increase all-season hydropower generation capacity on the Sanaga River by approximately 40 percent. The immediate benefit for Cameroonians will be a 120 MW increase in electricity generation at two existing hydropower plants which will improve the reliability of power supply for five million Cameroonians and help to lower the cost of power

Another recent addition to the Bank’s energy portfolio in Cameroon is the Kribi Gas Power Project—a US$ 82 million IDA risk guarantee that was provided to the Government of Cameroon and which allows local private lenders to contribute local currency financing to the project. The project will provide 216MW electricity and is estimated to be completed in early 2013.

One of the key projects currently under implementation in our portfolio is the National Program for Participatory Development (PNDP). While on a field visit in the western region of the country, I saw some of the results that these investments have led to: a river divides one of the districts in Bafoussam, with the school on one side of the river and the homes on the other. During the past rainy seasons, several children have drowned, and many children could simply not attend school. The construction of a small bridge – only a few meters long - changed the residents’ lives; children can now go to school safely, even in the rainy season.

Impressive results have also been achieved through the introduction of individual performance contracts in the customs administration—a global first. At one of the offices in the Doula Port, 83 percent of customs declarations are now handled in one day or less - compared to 66 percent previously. Furthermore, the first six months of the reform resulted in a US$ 15 million increase in revenues!

Since 2010, the World Bank has made available to the public all of the data developed and collected by the institution. This represents a significant potential resource for decision makers, researchers, the media, civil society, and citizens. I therefore encourage you to visit the Open Data Initiative website. Our Yaoundé office, as well as our satellite locations in the Northwest, Southwest, and Centre regions, are available to provide any additional information.

Cameroon offers a wealth of opportunities and I am pleased, as the Country Director for Cameroon, to be able to work with all partners to move the country’s development agenda forward together and ensure better living conditions for all Cameroonians. 

Thank you.

Greg Binkert, Country Director, World Bank, Cameroon

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