The Government of Cameroon is fully cognizant of the impact of remittances on sustainable economic growth and has requested IOM to provide support in strengthening Cameroon’s capacities in the management of remittances.
More concretely, the proposed project aims to leverage the positive impact of remittances by delivering the following outputs:
1) Conduct a survey to understand the expenditures and investments made by the remittance-receiving households;
2) Sensitize the remittance-receiving families on how to manage remittances more effectively and sustainably;
3) Deliver a training to government officials and representatives from banking industries to increase their knowledge on remittances; and finally
4) Develop a communication plan to mobilise and capitalise on the diaspora potential towards the sustainable development of Cameroon.
The proposed project is fully aligned with section 1.2 of the Cameroonian Growth and Employment Strategy Paper (GESP), the purpose of which is to, inter alia, “accelerate growth, create employment and reduce poverty. It recognizes initiatives that will create employment, small enterprise, infrastructural development and training”.