Thursday, December 21, 2023

Islamic Bank Cough Out FCFA 21B to Support Reconstruction Plan in the North West and South West Crisis Hit Regions of Cameroon

 

✓PM Dion Ngute Launch Project with Officials and Ministries involved at the Star Building

✓Phase II of the PPRD Project, this time to kick start early 2024 with the Total Financial Support of the Islamic Bank

The Prime Minister, Head of Government, Chief Dr Joseph  Dion Ngute has launched the support project of the  Islamic Development Bank, IsDB’s of over 21  billion FCFA  offer for the reconstruction and development of the Northwest and  Southwest regions.

This was upon a request to the said bank on the 8th of March 2022 following discussions in 2021 that saw materialization this December 2023 with the support join partnership and launching.

The Launching ceremony took place at the Star Building on Monday, December 18. This was in the presence of some top state officials and other development partners.

Addressing the partners, the Prime Minister, Head of Government, Chief Dr Joseph Dion Ngute expressed his sincere gratitude to the Islamic Development Bank for buying the vision of the Head of State President Paul Biya and making its contribution to see that the crisis-hit regions are back on the right path.

The support plan has as objectives to;  contribute to a peaceful and inclusive society through the restoration and provision of basic services through reconstructed infrastructure, revitalizing of the local economy, and strengthened social cohesion through increased community engagement, capacity building, training of local stakeholders, and bottom- up citizen participation.

Contribute to a peaceful and inclusive society through reconstruction and rehabilitation of essential infrastructure, revitalization of the local economy, and strengthened social cohesion in and for the people of the North-West and South-west regions of Cameroon.

With the overall objective of, supporting the Government of Cameroon in reconstructing and rehabilitating essential infrastructure, strengthening social cohesion, and revitalizing the local economy in the North-West and South-West Regions.

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