Housing Finance in the CEMAC Region : Current Status, Opportunities, and a Way Forward for Affordable Housing
The Central African Economic and Monetary Community (CEMAC), which consists of Cameroon, the Central African Republic, Chad, the Republic of Congo, Equatorial Guinea, and Gabon, is one of the oldest regional groupings in Africa. Urbanization and gr...
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| Format: | Report |
| Language: | English |
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World Bank, Washington, DC
2020
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| Online Access: | http://documents.worldbank.org/curated/en/584141591021152632/Current-Status-Opportunities-and-a-Way-Forward-for-Affordable-Housing http://hdl.handle.net/10986/33835 |
| Summary: | The Central African Economic and
Monetary Community (CEMAC), which consists of Cameroon, the
Central African Republic, Chad, the Republic of Congo,
Equatorial Guinea, and Gabon, is one of the oldest regional
groupings in Africa. Urbanization and growing population
will put increasing pressure on existing housing resources.
Without a step change in the level of housing construction
and the necessary long-term finance to invest, slums will
proliferate as short-term solutions fill the gap. The State
is often the biggest actor in the sector with programs which
are often costly and ineffective. CEMAC’s housing value
chain displays high levels of dysfunction on both demand and
supply sides. The enabling environment creates significant
challenges in addressing the affordable housing challenge. A
comprehensive and far reaching program of reforms will be
needed across multiple sectors to create the conditions
under which private sector investment can thrive and be
properly channeled into housing investment. Lack of
long-term finance is a key constraint preventing long term
investment into housing. This report focuses on the road map
and recommendations for development of housing in the CEMAC region. |
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