World Bank Approves FCFA 64.9 Billion Funding for lOM-Pangar Hydro Dam Project

[Cameroon Tribune]

The World Bank's Board of Executive Directors has approved US $132 million (about FCFA 64.9 billion) in zero-interest financing for Cameroon's Lom Pangar Hydropower Project in the East Region. According to a release from the bank, the board met on Tuesday March 27 to approve the money to support economic development and significantly improve the supply of electricity to homes and businesses across the country.