TRAVAIL SIGN
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REPUBLIC OF CAMEROON Peace-Work-Fatherland MINISTRY OF FINANCE
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REPUBLIC OF CAMEROON SUSTAINABLE FINANCING FRAMEWORK
March 2025
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# Table of Contents
- Introduction 3
1.1 Background 3 1.2 Cameroon's Sustainable Development Strategy and Policies 5 1.3 National Development Strategy 2020-2030 (NDS30) 6 1.4 Cameroon's Focus on the SDGs 7 1.5 Focus on Cameroon's Climate Strategy and Policies 8
- Sustainable Financing Framework 10
2.1 Use of Proceeds 11 (a) Eligible green expenditures 12 (b) Eligible social expenditures 15 (c) Exclusions 17 2.2 Process for Project Evaluation and Selection 18 (a) Role of the GTCMFD 18 (b) Project Evaluation Methodology 19 (c) Environmental and Social Risk Identification and Mitigation 19 2.3 Management of Proceeds 23 2.4 Reporting 23 (a) Allocation reporting 23 (b) Impact reporting 24 2.5 External Review 26 (a) Second Party Opinion ("SPO") 26 (b) Post-issuance External Verification on Reporting 26
Appendix 27
- Introduction
1.1 Background
The Republic of Cameroon is located in the hollow of the Gulf of Guinea, slightly above the Equator, and extends from Lake Chad to the Atlantic coast. The country shares its borders with the Central African Republic, Gabon, Equatorial Guinea, Nigeria and Chad. Two of the regions bordering Nigeria (North-West and South-West) are English-speaking, while the rest of the country is French-speaking.
Owing to the Congo Basin, Cameroon has some of the most varied ecosystems in the African continent, which is why it is sometimes referred to as Africa in miniature.
Cameroon's Geographical Context
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According to projections by the Central Bureau of Population Censuses and Studies (BUCREP), the population of Cameroon was estimated at 27.8 million inhabitants in 2022, compared with 17.4 million in 2005, representing an average annual growth rate of 2.4%. Young people under the age of 15 account for more than 43% and women about 51% of the total population. Cameroon continues to face rapid and uncontrolled urbanization with an urbanization rate of around 55% in 2022, which could reach 63.2% by 2035.
Cameroon's position within Central Africa is strategic. Its access to the Atlantic coast makes it an essential transit for landlocked countries like Chad and the Central African Republic. As the breadbasket of the Central African sub-region, the country is the main contributor to intra-community trade of the Central African Economic and Monetary Community (CEMAC). Cameroon is the largest economy in CEMAC, accounting for 40% of regional GDP, 60% of foreign assets and 55% of the population. At the political and security level, Cameroon contributes to crisis management mechanisms in the sub-region.
Cameroon is richly endowed with natural resources and enjoys immense tourism and hydroelectric potential. Natural resources include high-value ores and wood species and forest resources, given that the country is part of the Congo Basin, the 2nd lung of the planet, as well as vast agricultural lands suitable for the growing of coffee, cotton, cocoa, etc.