Islamic Bank to Aid Cameroon

Published on 14 April 2009

The Islamic Development Bank, owned by states including Egypt, Saudi Arabia and Turkey, will spend 8 billion CFA francs ($16 million) improving cereal production and storage in northern Cameroon, said Gourlemond Gilbert, General Manager of the National Cereal Office. [...] About 41 percent of Cameroon’s 16 million people live below the poverty line of $1 per day, according to the World Food Programme.

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