The government of Cameroon and the World Bank will financially assist some 80,000 families in Cameroon badly hit by the global health pandemic.
Through the joint Cameroon-World Bank aid which comes through the Safety Net Project, each family will receive the sum of 180,000frs to restart their socio-economic activities.
On Sunday March 7, the Safety Net Project team visited the JEBALE island in the Douala 4 to identify beneficiaries. A total of 126 beneficiaries were identified in that locality.
Out of the 80,000 families to benefit from the initiative, 15,000 will come from the Littoral Region. More beneficiaries will be identified in 11 other towns in the days ahead.
The funds will be paid into the mobile money accounts of beneficiaries in three installments;
1st installment # 45,000frs CFA
2nd installment, #45,000frs CFA
3rd installment, 90,000frs CFA
Most of the beneficiaries, who are essentially small scale business owners, and farmers have expressed gratitude to the President of the Republic and the World Bank , for coming to their aid .
What is the Safety Net Project ?
The Safety Net Project is a joint government -World Bank sponsored project designed to reduce poverty among vulnerable groups of people in Cameroon.
The partnership between the World Bank and Governmnt was signed in April 2014.
A total of 420,000 vulnerable persons in Cameroon will directly benefit from the project.