Business News of Saturday, 8 October 2016Source: Business in CameroonE.U provides 57% of public development aid in CameroonEuropean Union provides 57% of public development aid in Cameroon, according to OECDIn its recent 2016 report on the “geographic distribution of financial resources allocated to developing countries”, the Organisation for Economic Cooperation and Development (OECD) ranks the European Union in the lead of biggest providers of Public Development Aid (PDA) to the Republic of Cameroon. According to figures taken from the report, the EU and its member-States provide 57% of the Public Development Aid to Cameroon, with a global amount peaking at USD 487 million, thus approximately FCfa 285.5 billion. The main bilateral sponsor of Cameroon, in terms of PDA, is France with USD 167 million, thus about FCfa 98 billion. These two countries, main providers of PDA to Cameroon, are closely followed by the Federal Republic of Germany (USD 87.4 million), the United States of America (USD 40.7 million), and Japan (USS 25.1 million), etc. According to OECD, the “statistical data cover the support in public development aid and other public and private funding given to each recipient country by each member of the Development Aid Committee of the OECD, by multilateral organisations as well as other providers”.

Source: CameroonWeb October 08, 2016 13:21 UTC