Socio-economic and humanitarian support
Farmers, retailers and entrepreneurs, who represent a large segment of the vulnerable population, need to be financially supported in the economic recovery process post-COVID-19.
On 12 October, UNHCR and WFP released a report on the assessment of the socio-economic effects of COVID-19 on the food security and livelihoods of Central African refugees in the East region of Cameroon. The assessment was conducted from 6 to 22 May 2020 and revealed that if the restrictive measures due to COVID-19 became more severe, 61 per cent of the refugees planned to defy government bans to carry out their agricultural and economic activities, instead of dying of hunger.
On 5 October the Minister of Small and Medium Enterprises, Social Economy and Handicrafts of Cameroon launched the special post-COVID-9 economic recovery fund for Small and Medium-sized Enterprises (SMEs). An envelope of two billion CFA Francs will be distributed to SMEs promoters and craftsmen in the ten regions of the country to alleviate the socio-economic impact of the COVID-19 pandemic. This support intends to finance two activities: direct support for SMEs with high potential disaster (1.5 billion CFA Francs) and support for craftsmen, cooperative societies that manufacture homemade face masks and hydro-alcoholic gels (500 million CFA Francs).
Gaps and constraints:
Transparent management of the government’s financial support to businesses and enterprises to recover from the COVID-19 economic hardship will be required.