Cameroon

US$19.2 million IFAD loan to Cameroon to improve food security in rural areas

Rome, 28 October 2010 – A US$19.2 million loan from the International Fund for Agricultural Development (IFAD) to the Republic of Cameroon will help improve the livelihoods of poor rural people in the Extreme-North, North, North-West and West regions of the country, the UN rural poverty agency announced today.

The loan agreement for the Commodity Value-Chain Development Support Project was signed on 18 October by Louis Paul Motaze, Minister for Economy, Planning and Land Settlement of the Republic of Cameroon and Kanayo F. Nwanze, President of IFAD.

Cameroon imports large quantities of food, making the country vulnerable to external price shocks. This vulnerability became more apparent in 2008 when international food prices soared causing social unrest in urban areas.

IMF Executive Board Concludes 2010 Article IV Consultation with Cameroon

Public Information Notice (PIN) No. 10/94

July 22, 2010 -- Public Information Notices (PINs) form part of the IMF's efforts to promote transparency of the IMF's views and analysis of economic developments and policies. With the consent of the country (or countries) concerned, PINs are issued after Executive Board discussions of Article IV consultations with member countries, of its surveillance of developments at the regional level, of post-program monitoring, and of ex post assessments of member countries with longer-term program engagements. PINs are also issued after Executive Board discussions of general policy matters, unless otherwise decided by the Executive Board in a particular case.

Statement at the Conclusion of an IMF Mission to Cameroon

Press Release No. 10/135
April 5, 2010

An International Monetary Fund (IMF) mission led by Mr. Mauro Mecagni visited Cameroon during March 17–April 1, 2010 to conduct the 2010 Article IV Consultation.1 The mission met with Prime Minister Philemon Yang, State Minister at the Presidency Laurent Esso, several Cabinet members, senior officials, local government authorities, the business community, donors, and representatives of labor unions and civil society organizations.

At the end of the mission, Mr. Mecagni, Mission Chief for Cameroon, issued the following statement in Yaoundé:

West African farmers receive boost from UN organic food exporting initiative

9 March 2010 – Some 5,000 West African farmers are reaping the rewards from a United Nations scheme aimed at helping them export produce to the growing organic food market in the industrialized world.

The $2.4 million UN Food and Agricultural Organization (FAO) project has helped farmers in Burkina Faso, Cameroon, Ghana, Senegal and Sierra Leone to meet the necessary certification and adapt to the required methods to grow and sell organic products, according to a FAO news release issued today.

FAO noted that the organic and fair trade market in developed countries is expected to grow by about five to 10 per cent per year over the next three years, offering new opportunities for smallholder farmers in poor countries.

Shrinking Lake Chad could trigger humanitarian disaster

15 October 2009 – Lake Chad, once one of the world’s largest water bodies, could disappear in 20 years due to climate change and population pressures, resulting in a humanitarian disaster in central Africa, the United Nations Food and Agriculture Organization (FAO) warned today.

The lake – surrounded by Cameroon, Chad, Niger and Nigeria – has shrunk by 90 per cent, going from 25,000 square kilometers in 1963 to less than 1,500 square kilometers in 2001.

The 30 million people living in the Lake Chad region are being forced into competing over water, and the drying up of the lake could lead to migration and conflicts, FAO cautioned.

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