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Cameroon: State housing bank CFC to provide a XAF15 bln credit line for municipalities real estate program PCCM

T he implementation of the Municipal Cities Construction Program (PCCM), in whose framework a XAF10 billion credit line was executed, is ongoing in partnership with Feicom. A new credit line of XAF15 billion has been requested, the Technical Commission for the Rehabilitation of Public and Para public Sector Enterprises (CTR) revealed in the report it published in late 2020 on public companies’ 2019 performance. Indeed, in July 2020, thanks to the partnership between the CFC and Feicom (the administration in charge of local development) and the assistance of the United Councils and Cities of Cameroon (UCCC), a XAF10 billion credit line was opened to help 24 municipalities build 594 housing units in their communities.  

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