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Cameroon: Paul Biya congratulates himself for a good partnership with IMF

"World financial institutions have so far been according us much confidence which is gradually helping us to attain our plan in terms of growth.

It is no doubt that we are facing falling prices of basic commodities of which fuel is not an exception, especially in the world market.

 

The sum of 667 million dollars, has been loaned to us by The International Monetary Fund. This collaboration is aimed at stabilising our economy and increasing job opportunities" the president explained.

According to him, much progress is being witnessed in Cameroon. He keeps on borrowing but we don't see what is being done with the money. It remains a wonder how it will be reimbursed to the lenders.

 

Studied B.Sc Journalism and Mass Communication at University of Buea

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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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