Cameroon - European Union cooperation: signing of the implementation agreement of the Cameroon Competitiveness Support Facility (DACC)
Rapid, disorderly and precarious urbanization creates numerous bottlenecks, namely: the development of a voluminous informal sector, the problems of urban mobility, the low competitiveness and quality of small and medium-sized enterprises (SMEs), which constitute 95 % of the economic fabric of the country, the development of decent jobs, social exclusion, especially of young people, etc. The government must find the necessary financial resources to curb the phenomenon. The aim is to make the national economy more competitive, to promote the private sector as a key driver of strong, sustainable and inclusive economic growth, to support the dynamism of local economic operators and to create an institutional environment. more conducive to business. This is the meaning of the Convention 6.5 billion CFA francs for the private sector signed in Yaoundé on Wednesday, July 25, 2018, between the Cameroonian Minister of Economy, Planning and Spatial Planning, Mr. Alamine Ousmane Mey and the Ambassador, Head of the Delegation of the European Union, Mr Hans-Peter-Schadek, on the financing of the DACC (Cameroon Competitiveness Support Facility) backed by the Economic Partnership Agreement ( EPA) that exists between the two partners.
