Page 123 - Atouts-Cameroun-2017
P. 123

the Islamic Conference of Foreign Ministers (ICFM) held at Kuala-Lumpur in Malaysia, from 21 to 25 of June 1974. Since joining, the two sides developed multifaceted relations of coope- ration in the political, economic, cultural and legal areas.Cameroon participated at Presidential level, in the fifth Summit of the Kings, Heads of State and Government of the OIC held in Dakar from the 9th to the 12th December 1991. Cameroon regularly participated, at ministerial rank, in all other summits and Islamic Conferences of Ministers of Foreign Affairs since his joining.The creation in December 1997 by the Head of State of the office of Minister Delegate responsi- ble for relations with the Islamic world and the acclaimed participation of the position holder in the 24th ICFM held in Doha (Qatar) enabled to give new strength to cooperation with the OIC.The adoption on the 3rd Extraordinary Islamic Summit held on 7th and 8th of December 2005 in Mecca of a "Special Programme for Africa's Development" (PSDA) was one of the major deci- sions of the said summit. It is worth highlighting the role played by the Embassies of Cameroon and Cote d'Ivoire in the inclusion of this issue on the agenda and its adoption by the Sovereigns and Heads of State of member countries o f t h e OIC. Under this special programme, afund to fight poverty called Islamic Solidarity Fund for Development was created in 2006 in Kuwait City. It has a capital of 10 billion U.S. dollars. Cameroon’s participation in this fund is a billion FCFA.Cooperation between Cameroon and the OIC at economic and financial levels has developed through some agreements including the General Agreement for Economic, Technical and Commercial Cooperation signed and ratified by Cameroon (1978); the Agreement on promotion, protection and guarantee of investments signed and ratified by Cameroon (1995); and the Framework Agreement on Trade Preferential System among the Member States, among others.Several institutions play a key role in strengthe- ning this cooperation. These are: The Islamic Development Bank (IDB); the Islamic Chamber of Commerce and Industry; the Islamic Corporation for Insurance of export credit and investments guarantee; the Standing Committee for Economic Cooperation and Trade, etc.As a flagship funding institution, the IDB is parti- cularly appreciated by the government of Cameroon. One should also mention that the first project financed by the Bank after it went opera- tional in 1975 was in Cameroon, namely the construction of the Songloulou hydroelectric dam for an amount of 7 million U.S dollars.Cameroon has always shown its commitment to the Commonwealth’s valuesLES ATOUTS ECONOMIQUES DU CAMEROUN123


































































































   121   122   123   124   125