(Business in Cameroon) - Cameroon President Paul Biya on Monday approved funding agreements worth a total of 165.5 billion CFA francs (about $270 million) to modernize the country's infrastructure, agribusiness, and energy sectors. The IsDB loan, worth 107.4 billion CFA francs (163.68 million euros), will fund the construction of the Ngati-Fébadi-Likok road section. The government also received authorization to borrow 51.7 billion CFA francs from Standard Chartered Bank. The funding consists of a 47.06 billion CFA francs buyer's credit (71.75 million euros), guaranteed by BPI France, and a 4.67 billion CFA francs commercial credit (7.12 million euros). The project consists of a 6.47 billion CFA francs buyer’s credit and a 793 million CFA francs commercial credit to stabilize and strengthen power transmission lines in Yaoundé.