The FINANCIAL -- The World Bank ’s Board of Executive Directors approved a credit of
US$50 million to assist Cameroon build a national safety net system
that will directly benefit 420,000 vulnerable people during the life of
the project.
Through cash transfers and public works, the safety net system will help reduce poverty and ensure people benefit more equitably from economic growth.
The Social Safety Nets Project, financed by the World Bank ’s International Development Association (IDA), will fund programs that initially reach 65,000 poor and vulnerable households in the five poorest regions of Cameroon—Adamaoua, the East, the North, the North-West, and the Far-North. The project will also cover about 5,000 urban households in Yaoundé and Douala.
Over a two year period, targeted households will receive a cash transfer every two months, totaling FCFA 720,000 (about US$ 1,400), as well as training to improve their health, nutrition, education and skills. As The World Bank Group said, poor households will also have the opportunity to participate in public works employment for 60 days a year during the agricultural lean season. Paid activities will include public goods such as maintaining rural roads or reforestation.
“Cameroon’s new safety net will help cut poverty faster by cushioning some of the poorest families from unexpected hardships and enable them to continue investing in their children,” said Gregor Binkert, World Bank Country Director for Cameroon. “Safety nets are helping poor households become more resilient and productive across Africa, including in Rwanda, Ethiopia, Niger, and many other countries.”
In line with Cameroon’s first national social protection strategy, the project will help design sustainable safety nets that reach those most in need. With this system in place, the Government will be able to ramp up support to poor families quickly and flexibly in times of crisis.
“This project will help poor families living in rural areas in Cameroon to cope with drought and its worst effects, including losing income, selling livestock or other assets, and suffering severe food insecurity and malnutrition,” said Carlo Del Ninno, World Bank Task Team Leader for the Social Safety Net Project.
The World Bank ’s support to social protection in Sub-Saharan Africa has grown from an average of US$260 million a year during 2001-05 to US$600 million a year during 2006-2010. Total active World Bank commitments in social protection on the continent stand at just over US$ 3 billion.
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