RicherFin · Sovereign Projects

Cameroon Power Sector Recovery Support Programme (PARSEC) — Phase I — Cameroon

Cameroon · Nationwide · Electricity

Overview

The Cameroon Power Sector Recovery Support Programme (PARSEC) — Phase I is a sovereign operation intended to increase electricity supply and improve the governance and financial position of Cameroon's power sector. The African Development Bank approved a €74.25 million loan for this first phase in December 2023. The operation is structured as sector budget support within a programme-based operation.

The programme addresses weak transmission and distribution performance, insufficient specialised human resources, commercial losses and collection difficulties that affect the sector's financial balance. It supports governance reforms and interventions to improve network reliability, electrification and secure power supply for economic activity.

PARSEC remained in Cameroon's public programme in 2026. The 2026 Finance Law provides CFAF 46.8 billion in external resources / budget support for the programme. Procurements financed under PARSEC were still being launched in June 2026, including electrification works in the North-West Region.

Key project information

Official name
Cameroon Power Sector Recovery Support Programme (PARSEC) — Phase I
Status
Ongoing
Current phase
Implementation
Country
Cameroon
Geographic coverage
Nationwide
Sector
Electricity
Project structure
Sector budget support · programme-based operation
RicherFin project ID
01ad4ad9-148e-488d-8b90-f0a9df03398e
AfDB project ID
P-CM-FA0-011
Approved AfDB financing
€74,251,800
Instrument
AfDB sovereign loan
Approval date
14 Dec 2023
Borrower
Republic of Cameroon

Financing

Phase I is based principally on a €74.25 million African Development Bank loan to the Republic of Cameroon. The appraisal defines it as a fully flexible euro-denominated loan with a 25-year maturity and an eight-year grace period.

PARSEC sits within a broader coordinated framework of support to the sector and public finances involving several technical and financial partners. The €74.25 million amount is distinct from parallel financing and corresponds to the documented AfDB financing for Phase I.

Secured financing
€74,251,800
Financing structure
Sovereign debt
Debt
AfDB loan
Loan maturity
25 years
Grace period
8 years