Safety Net Project: Additional FCFA 34.9 Billion Available

Extra financing for the Safety Net Project has been approved by the Executive Board of the World Bank, Rebekka E. Grun, Assistant to the President of the World Bank, has said. Sixty million US dollars (about FCFA 34.9 billion) have already been mobilized and it is left on the Cameroon government to sign a legal agreement to get the funds.

Rebekka, who is on a working visit to Cameroon to evaluate the Safety Net Project, said with the additional financing, the project will now touch every region of the country. It had previously been limited to the Far North, North, Adamawa, East and North West Regions, as well as the cities of Douala and Yaounde.

Of the 60million USD, 30 million USD is a loan and the rest a grant. The World Bank had earlier pumped in over FCFA 30 billion this year for the project which is in its second phase. Rebekka said the project has had a solid track record of implementation. “We are happy with the progress of the project,” she told Cameroon Tribune in Yaounde, Wednesday November 28, 2018.

Beneficiaries Learn New Skills

On Monday November 26, 2018, some 700 persons in Yaounde, mostly women and girls, were empowered with vocational skills as part of the Social Safety Net Project; an initiative for alleviating poverty in Cameroon’s poorest communities. Part of the training on tinting was carried out at the