The World Bank approves a loan of 224.3 billion FCFA to support over 500 forestry SMEs in Cameroon, Congo, and CAR

On March 31, 2026, the World Bank approved a funding of 394.8 million dollars, approximately 224.3 billion FCFA, to support the development of the forestry economy in Cameroon, Congo, and the Central African Republic. This funding is part of the first phase of the Sustainable Forest Economies Program for the Congo Basin, aimed at improving forest management and generating 220,000 jobs. The initiative is part of a larger program of 1.02 billion dollars, designed to leverage the economic and social benefits of this region.