Page 118 - Atouts Economiques Cameroun-2019-GB
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                   LES ATOUTS ECONOMIQUES DU CAMEROUN
The adoption on the 3rd Extraordinary Islamic Summit held on 7 and 8 of December 2005 in Mecca of a “Special Programme for Africa's Development” (SPAD) was one of the major decisions of the said summit. It is worth highligh- ting 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 of the OIC. Under this special pro- gramme, a fund to fight poverty called Islamic Solidarity Fund for Development was created in 2006 in Kuwait City. It has a capital of 10 bil- lion 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 develo- ped through some agreements including the General Agreement for Economic, Technical and Commercial Cooperation signed and rati- fied by Cameroon (1978); the Agreement on promotion, protection and guarantee of invest- ments 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.
As a flagship funding institution, the IDB is parti- cularly appreciated by the government of Cameroon. One should also mention that the first project funded by the bank after it went operatio- nal in 1975 was in Cameroon, namely the construction of the Songloulou Hydroelectric Dam for an amount of 7 million U.S dollars.
Other projects funded with the IDB’s financial support have been carried out, including: CEL- LUCAM, for a total of U.S $10.630 million, the village water project through 400 bore- holes for a total of U.S $5 million; the road Douala-Yaoundé with amount allocated U.S $6 million; equipping of Koussérie hospital for U.S $1.2 million, the project for the integrated development of the Mentchum and Rural Development of the Far-North for a total amount of U.S $3.930 million.
NON-GOVERNMENTAL ORGANISATIONS
The liberal legislation passed in the early 90’s favoured the advent of many non-governmental organisations in Cameroon. Many of which are subsidiaries of organisations existing worldwide.
NGO’s activities are governed by the law of 22 of December 1999, which regulates their activi- ties in a variety of areas ranging from the deve- lopment to environment through the various aspects of human rights to the protection of the health of populations.
For example, we have the organizations that were consulted for the construction of the Chad-Cameroun pipeline. The source of funds available to some of these organisations and their use are now subject to control by the authorities.
THE CAMEROONIAN DIPLOMATIC SYSTEM
Cameroon has an extensive diplomatic network, with about thirty embassies and representations to international organisations such as the UN and the EU, plus a number of consulates in countries where large Cameroonian communities are found (see Chapter on practical information at the end of volume).
Cameroon's diplomacy is headed by the President of the Republic himself. He is assis- ted in his task by the Minister of External Relations; the latter is assisted by two Minister Delegates, one for Relations with the Commonwealth, and the other for Relations with the Islamic World.
The premises of the Ministry of External Relations in Yaoundé




















































































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