Yaounde, Cameroon Africa. (Cameroon News) – The World Bank Country Director for Cameroon, Central African Republic, Equatorial Guinea and Gabon, Gregor Hans Binkert, says the institution’s new strategy for Africa focuses on job-creating initiatives like agricultural competitiveness, telecommunications and transport infrastructure as well as assistance to growth-boosting sectors like wood and tourism industries.
Gregor Hands Binkert gave a press conference in Cameroon’s capital city, Yaounde on Thursday, September 8, 2011.
“Job creation, gender and climate change in Africa will figure prominently on the agenda of annual meetings of the World Bank Group and International Monetary Fund (IMF), to take place in Washington D.C. from September 23 to 25, 2011”, he said.
Cameroon World Bank / IMF Spring Meeting
He added that, “Studies on unemployment will be presented to help discuss adapted and feasible solutions,” Cameroon, he said, is more concerned as average unemployment is 70 per cent in urban areas and 77 per cent in rural areas.
The Lead Economist in the World Bank office for Central Africa, Raju Singh, said Cameron could profit from its huge employment potential by improving the business climate and energy supply, while enhancing internal sources of growth like agriculture, services, building and public works.
Over 5,000 participants involving senior officials of both institutions and a large number of member country officials such as central bankers, ministers of finance, development actors, private sector executives and civil society representatives will exchange knowledge during several meetings and seminars.
