World Bank grants Cameroon $50 billion for agriculture



The World Bank is to grant Cameroon 105.3 million dollars to enable the central African country implement its agriculture investment and market development project (PIDMA).

PANA reports that the grant agreement was signed on Monday between Cameroonian Minister of Agriculture, Lazare Essimi Menye, and the Bank’s Director of Operations in Cameroon, Gregor Binket .

The PIDMA will be spread over 2014 and 2019, and will be implemented by the Ministry of Agriculture.

The funds will be invested mainly in maize, sorghum and cassava, regarded as the main raw materials for agro-industrial structures established in Cameroon.