Seven banks named for govt’s emergency plan

Seven Cameroonian, foreign banks and private financial institutions will serve on the technical committee responsible for the implementation and monitoring of the emergency government plan, according to a decree signed July 21, by the Cameroonian Prime Minister Philemon Yang.

The banks are Standard Chartered Bank, Deutsche Bank Madrid, Moroccan group Alliance of BICEC, CBS Cameroon, Atlantic Bank and Societe Generale Cameroon.

Alongside representatives of the governments involved in this three-year plan, the domestic and foreign banking institutions will contribute to the implementation and monitoring of the implementation of the priority actions identified by the government around sectors such as health, agriculture and livestock, roads, energy, water, urbanization and security in large cities.

Since the technical committee has extended to the private sector, it will strive to “define the strategic orientations followed by authorities and competent sectorial structures in the framework of the implementation of the components indicated above guidelines; identify and stop specific projects to be implemented, their geographical location, consistent with the sectorial components; conduct negotiations with the technical and financial partners in government, for the mobilization of funds for the implementation of the emergency plan; select small and medium enterprises (SMEs) in Cameroon eligible for the implementation of the emergency plan, on the basis of objective criteria.”