Cameroon - Competitiveness and Economic Growth Support Programme, Phase III (PACCE III)

The proposed intervention concerns a EUR 80.4 million AfDB loan to finance the third phase of the Competitiveness and Economic Growth Support Programme (PACCE III). PACCE was approved in November 2017 as a multi-year programme-based operation that covers three years (2017, 2018, and 2019). PACCE III is designed to consolidate the achievements of PACCE I and II. This is the last operation of the three-year programmebased operations for a total amount of EUR 411 million. The programme is structured around two (2) mutually interdependent and complementary components: (i) streamlining of the public finance management framework; and (ii) strengthening of governance and competitiveness in productive sectors. PACCE III will complement the other operations financed by the African Development Bank Group in Cameroon. In particular, its implementation will enhance the impact of infrastructure and agricultural investment projects that were approved recently or are in the process of being approved, namely: (i) Road Programme 2: Yaounde-Bafoussam (UA 12.8 million); (ii) Central African Backbone Project (UA 31.1 million), and (iii) PD-CVA Agricultural Value Chains Project (UA 79.4 million). The expected potential impact of these projects, coupled with that of the ongoing structural reforms, will unlock Cameroon's full potential for long-term development through macroeconomic stabilisation, effective public policy, improved competitiveness and economic diversification, and the creation of decent jobs.