Cameroon Borrowing $68 Million To Fund Military Contingent In CAR
The Cameroonian government has decided to borrow 33.8 billion FCFA (68,246,175 million dollars) to finance its military contingent with the United Nations Multidimensional Integrated Stabilisation Mission in the Central African Republic, popularly known by its French acronym, MINUSCA.
Cameroonâs President Paul Biya, on September 29, 2020 signed a decree authorising the Minister of the Economy, Planning and Regional Development to sign the loan agreement for 58.25 million dollars (33.8 billion FCFA) with the Commerzbank Aktiengesellschaft, the second largest German banking group.
According to the presidential decree, the money will be used in financing the renewal of Cameroonâs partnership with the OMP Solutions Group within the context of support to the Cameroonian contingent to the Mission Multidimensionnelle Integree des Nations Unies pour la Stabilisation (MINUSCA) in the Central African Republic.
Being the brainchild of the partnership between the Marck Group, (a French industrial group which conceives and commercializes uniform solutions), and Ineo Global Support (specialized in the furnishing of logistic functions to defense and security forces), the OMP Solutions Group has developed a global solution in conformity with United Nations Organisation exigencies in eligibility materials for peace maintenance operations.
The OMP Solutions Group helps contingents to ensure their success and integration throughout their missions. It is with this consortium that Cameroon signed a partnership contract for support to its troops in the Central African Republic within the context of MINUSCA.
Cameroon is among the top 10 contributors of troops and police units to MINUSCA.
In September 2014, a Cameroonian, Maj.-Gen. Martin Chomu Tumentah was appointed Force Commander of MINUSCA. He died a year later under circumstances which are yet to be clarified.
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