Cameroon has signed an agreement with Korea Eximbank for Economic Development Fund (EDCF) worth some FCFA 28.7 billion for the construction and renovation of health units in the country.
According to the convention the sum will caution the FCFA 42 billion needed to equip theGarouaReference Hospital which has a capacity of 292 beds.
The convention further stipulates that heath facilities within the three northern regions will be renovated in 42 months to meet the growing need of the population faced with security challenges.
Korea will also see the establishment of an e-procurement system,the erection of the National Laboratory for Mining,Construction and equipment of theNational Emergency Centrein Yaounde.
It is worth mentioning that,Korea participated in the construction and fixing of equipment in three Vocational Training Centres of Excellence in Douala,Limbe and Sangmelima.
The Minister of Finance,AlamineOusmane has disclosed that the sum of FCFA 153 billion has been paid into the state Treasury from the sale of treasury bonds in 2014.
The announcement was made this Friday 26th December 2014 during a press conference in Yaoundeto mark the end of the subscription of the 2014 bond period which spanned from November 24th to 23rd December 2014.
Prime Minister Philemon Yang has presented the 2015 government’s economic, financial, social and cultural programme for the 2015 fiscal year.
The annual budget which is FCFA 3,746.6 billion represents an increase of FCFA 434.6 billion in absolute terms and 13.12 percent in relative terms from that of 2014 (FCFA 3,312 billion).
The increase, Mr Yang said, is based on government’s anticipated 6.3 per cent Gross Domestic Product (economic growth rate) in 2015 up from 5.8 per cent in 2014.
The National Assembly has this Monday 24th November 2014 adopted two more bills to prevent and fight terrorism in the country.
Of the four bills tabled, two on insecurity were examined and adopted under the chairmanship of the House Speaker, Cavaye Yeguie Djibril.
The first of these two bills authorises the President of the Republic to ratify the Organisation of African Unity, OAU, Convention on the Prevention and combating of Terrorism. The agreement was adopted in Algiers, Algeria, on 14 July 1999.