Wednesday, July 9, 2014

World Bank pays-out 18 billion FCFA to Cameroon for health services

(Business in Cameroon) – On June 24, 2014, the World Bank announced that its board has approved a disbursement of 40 million dollars (18 billion FCfa) for Cameroon “to increase the availability of health services and improve the quality of healthcare in the country’s northern regions,” namely North, Extreme-North and Adamaoua.

“The current initiative focuses particularly on the health of youth and mothers as well as infectious diseases such as tuberculosis. The 40 million dollars includes a donation and a loan, each totalling 20 million dollars. Some 5.3 million persons will benefit from the project, particularly women of childbearing age, teens and children under the age of five,” explained the bank.

The donated portion of this financing comes from multi-donor Health Results Innovation Trust Fund (HRTIFF), the World Bank’s results-based financing instrument. “Thanks to results-based financing, the project will be able to expand health coverage for mothers and youth in Cameroon and improve the quality of healthcare. The country’s health institutions will be more efficient and will have a higher degree of accountability,” indicates Mr Gregor Binkert (photo), Operations Manager for the World Bank in Cameroon.

The loan portion of the financing was provided by the International Development Association (IDA) and will enable the extension of the health sector support investment project underway in Cameroon and extend coverage to poor families living in in rural areas in northern Cameroon. The project “has already yielded promising results: close to 714,024 persons have benefited from health care improvement, 2044 cases of tuberculosis have been detected and treated and 56,895 children have been vaccinated.”

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