SMALL & MEDIUM SCALE

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The Small and Medium Scale Enterprise (SME) Project for Cameroon consists of US$3.0 million to be lent to the Government for relending to Banque des Etats de l'Afrique Centrale (BCD) to finance the establishment and expansion of privately owned small- and medium-scale manufacturing, artisan, service, transport, repair, and construction firms. The investment component is to be jointly financed with Caisse Centrale de Cooperation Economique (CCCE) and technical assistance will be mainly financed by UNDP-World Bank Water and Sanitation Program. The credit is expected to bolster BCD's role as an effective development institution and improve technical assistance facilities for SME. The credit will also provide a means for the Bank Group and Government to learn more about effective policies and procedures for SME promotion and financing and about the benefits accruing the reform.