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Cameroon loans FCFA 88 billion from France

La Republique du Cameroun has signed two loan agreements worth FCFA 88 billion with the French Development Agency.
The money is meant to support agricultural development in the country, they say.
The deal was reached on Friday in Yaoundé.

One of the major targets of the money will be promoting vocational training, officials say.
The Biya regime has stepped up borrowing in recent months, as it complains of financial difficulties.
It has borrowed from the Islamic Development Bank, the IMF, and Spain in  under six months.
Apparently Biya and his government have  a couple issues to handle. The fight against Boko Haram, the battle to stifle the Anglophone Struggle financially and physically, and mismanagement of state money are some of the problems plaguing our little country.

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Cameroon Concord  is an online publication covering and reporting on  local and world news, sports, entertainment, politics, business, and religious news. Serving Cameroonians .



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