• Fri. Apr 19th, 2024

Cameroon To Probe Embezzlement Of Covid-19 Funds

Cameroon’s President Paul Biya has ordered an investigation into the use of Covid-19 funds following allegations of financial embezzlement.

Campaign group Human Rights Watch raised concern last month about what it called the scant transparency in the management of funds, although transparency was a pre-condition for getting loans from the International Monetary Fund (IMF) to tackle the pandemic.

In April 2020, the health minister announced a $105m (£76m) response plan while , the IMF approved a $256m emergency loan to help finance itthe following month .

In October, it approved a further loan of $156m to finance the health system and help businesses and households affected by the pandemic.

The IMF now wants accountability on the use of these funds.

BBC