5, March 2019
African finance ministers are in Yaounde!! 0
African finance ministers and experts began a five-day meeting Monday in Cameroon’s capital Yaounde to discuss policy actions and measures required for productive transformation on the continent.
“Africa has 30 percent of all the national resources of the world, but at the same moment what we can see is that poverty is growing. So all those countries of the African Union decided to come here to Cameroon to discuss how we can move forward so as to transform more our economies,” Louis Paul Motaze, Cameroon’s finance minister who chaired the opening ceremony, told reporters.
The meeting is organized by African Union Specialized Technical Committee (STC) on Finance, Monetary Affairs, Economic Planning and Integration in collaboration with the government of Cameroon.
“We do think in Cameroon that transforming the economy must lead to transforming our national resources so as to create more jobs for youths in particular. So this meeting is very important and we are expecting a lot of decisions and resolutions that can enable our economies to grow,” Motaze said.
Resolutions reached at the meeting are expected to be forwarded to the African Union summit in July for consideration and approval.
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5, March 2019
UNDP says CFA 172 billion required for Cameroon relief aid 0
The United Nations Development Programme (UNDP) said Monday CFA 172 billion is needed to provide emergency assistance to 2.3 million people in Cameroon this year.“In 2018, the humanitarian response in Cameroon was the least funded in Africa. At the beginning of this year, I appeal to everyone to redouble their efforts and support our plan for the people of Cameroon,” said Allegra Baiocchi, UNDP representative and humanitarian coordinator.
Quoted in the report, he called for the mobilization of the international community, considering that “a peaceful Cameroon where no one is left behind is not only essential for the country’s development, but also vital for the stability of the sub-region.”
The CFA172 billion must be used to ensure the protection, food security, education and access to health care of the men, women, girls and boys most affected by the crises.
“Considering the diversity of areas of intervention, needs and vulnerabilities, humanitarian actors have agreed to implement different strategies depending on whether they operate in the Far North, in the Northwest and South West regions or in those affected by the Central African, Adamaoua, East and North crisis,” the report noted.
Journal du Cameroun.Com