Cameroon - Public Finance Governance Support Project (PAGFIP)

The Public Finance Governance Support Project (PAGFIP) stems from an in-depth diagnosis of the institutional capacity of various beneficiary structures and responds to concerns expressed by Government, which is committed to pursuing macroeconomic and structural reforms, particularly in the area of public finance, in order to establish the conditions for inclusive growth. The project is justified by the need to support Government’s efforts to tackle the challenges before the country and ensure the satisfactory implementation of NDS30. In this regard, the Bank, through this project, is focusing on building institutional and human resource capacity to provide beneficiary structures with the necessary means to carry out their respective missions. It will support the implementation of Government's comprehensive public finance reform plan by strengthening skills and putting in place coherent and effective working tools and procedures to promote increased mobilization of tax resources and efficient public spending. It will also support the Government's efforts to fight corruption, which is a major challenge for the country. The total project cost, net of taxes and customs duties, is estimated at UA 13.80 million, or CFAF 11.37 billion. Climate finance is not attributed to this project.