Cameroon Approves 391M World Bank Loan
Cameroon President Paul Biya has authorised a large World Bank loan to fund the Douala-Bangui economic corridor project. The financing aims to improve transport links with the Central African Republic. A separate decree also approved funding for highway rehabilitation.
Cameroon authorized a $390.90 million World Bank loan to fund the Douala-Bangui Economic Corridor project, according to a Friday decree. The financing targets regional trade links. Central Africa's largest economy is accelerating infrastructure borrowing to plug budget shortfalls.
