World Bank Managing Director in Cameroon

Sri Mulyani Indrawati arrived in Yaounde yesterday, for a working visit.

Cameroon is once again, host to an august guest.

Sri Mulyani Indrawati, Managing Director and Chief Operating Officer World Bank Group, arrived in Cameroon yesterday, through the Yaounde Nsimalen International Airport.

On hand to welcome her at the airport was Cameroon’s Minister of the Economy, Planning and Regional Development, MINEPAT, Louis Paul Motaze, accompanied by Elisabeth Huybens, the Operations manager of the World Bank in Cameroon and other close collaborators of MINEPAT boss.

The Wold Bank works in a group with the International Finance Corporation and the Multilateral Investment Guarantee Agency, MIGA to invite more private investors to carry out economic activities that can lead to job creation, the World Bank Managing Director said.

She stressed that the World Bank does not relent in assisting in circumstances where government is facing constraining under-resources.

Infrastructure, Information and Communication Technologies, agriculture and the mining sector are potentially viable sectors the World Bank thinks if well harnessed will jumpstart economic growth and subsequently the living conditions of Cameroonians.

Health and education are going to be important for inclusive growth, she pointed out.

Top on her agenda is the meeting with some State functionaries, sector representatives, and civil society, with discussions to focus on how the World Bank can best assist Cameroon to emerge in the wake of development challenges.

She will also meet with beneficiaries of World Bank-sponsored projects that improve the livelihoods of Cameroonians in urban and rural areas.

During her stay, Sri Mulyani Indrawati will also meet with private sector representatives in the fields of agriculture and energy.

This will enable her to share and learn about the opportunities and challenges of the sector.

Sri Mulyani Indrawati’s visit comes to strengthen partnership between the World Bank and Cameroon.

Priority areas during discussions with government officials include promoting inclusive growth, addressing regional poverty disparities, implementing structural reforms to speed up growth and the improvement of the business climate so as to promote job creation.

Cameroon is party to the World Bank since 1963. The World Bank portfolio in Cameroon now consists of 20 active projects.

The transactions are evaluated at over 1.338 million US Dollars. They are funded under the International Development Association, IDA of the World Bank Group.