|
ADB evaluates projects in Cameroon
Real estate news By Brenda Yufeh
8 October 2007
The 17th meeting of the Bank with project coordinators also examined setbacks to project execution over the weekend in Kribi. The African Development Bank (ADB), an important development partner to Cameroon, has been interested in knowing how much progress has been made in its mission to assist the country. This was during the 17th meeting of the ADB that took place over the weekend in Kribi, in the South Province. The meeting which aimed at evaluating ADB projects executed in Cameroon was chaired by the Bank's Resident Coordinator, Athanase Gahungu, who was very impressed with the positive strides made so far. Over 17 projects financed by the ADB to the tune of CFA 160 billion were scrutinised during discussion.
Athanase Gahungu, at the stock-taking meeting said the bank has decided to multiply its external services since 1999 to facilitate relations with its partners. This resulted in the creation of an ADB office in Cameroon for the Central African Region. This enabled the bank to improve dialogue between its partners and better follow-up projects in Cameroon through a mechanism which facilitated the execution of projects. He lauded the efforts of the coordinators who are very involved in making sure that the ADB projects are successfully executed.
The 15 coordinators of projects financed by the bank examined some of the obstacles encountered in realising the projects. Athanase Gahungu said managers of projects financed by the ADB do not at times respect the rules and procedures of the bank in managing projects. It was also noted that most government often fail to effectively hand on time the five per cent of finance needed to execute projects by ADB. The Bank's representative said other meetings will take place to discuss on various governments financial contributions in executing ADB projects. But it was spelled out that governments should financially plan and programme for ADB projects so that they are sure at anytime they can make available the five per cent of money needed from them. This will avoid delays in realising projects.
Send tips or a Letter to the Editor to editor@updatere.com
|
