World Bank Doles Out $132M Loan For Cameroon Dam

Law360, New York (March 28, 2012, 12:41 PM EDT) -- The World Bank has offered a $132 million interest-free loan to help propel a $494 million dam project in Cameroon that will amp up the electricity supply to area homes and businesses as well as boost economic activity, the bank said Tuesday.

Joining an international consortium of other banks supporting the project, the World Bank will draw the financing out of its International Development Association, a fund specifically set aside for the poorest countries in the world. Once off the ground, the Lom Pangar Hydropower Project...
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