An integral part of the Cameroon-France cooperation, the Debt-for-Development Contract (C2D) aims to convert a portion of Cameroon’s debt to France into funding for development projects.
The program targets sectors such as health, urban development, justice, education, agriculture, and security.
Funding for “Regional Capitals 1” Program
Cameroon has recently signed a €20 million financing agreement with France for the second phase of the “Regional Capitals 1” program.
This initiative, falling under the C2D framework, seeks to enhance the living conditions of residents in Bertoua, Bafoussam, and Garoua by bolstering urban planning and the attractiveness of these cities.
Phase 1 and Phase 2 Objectives
The first phase of the program had already mobilized €125 million for the same cities. The second phase, as outlined in a statement by the French Development Agency (AFD) relayed by Investir au Cameroun, will enable further developments.
These include market improvements, the construction of a bus station in Bertoua, the completion of additional roads in Bafoussam, and the construction of small water access facilities in Garoua.
Evolution of the C2D Program
Initiated in 2006, the C2D has undergone three phases, in 2006, 2011, and 2016. Initially focusing on improving basic services and access in Yaoundé and Douala, the program has expanded to include regional capitals such as Maroua and Bamenda.
This ongoing commitment reflects the enduring partnership between Cameroon and France in fostering sustainable development across the nation.