This paper analyses the amount of capital flight associated to the natural resources sector (oil and timber) in Cameroon.

CAPITAL FLIGHT AND TAX HAVENS

This paper analyses the amount of capital flight associated to the natural resources sector (oil and timber) in Cameroon. The paper adjusted the methodology proposed by Boyce and Ndikumana (2012) to take into account the practice of misinvoicing in the oil and timber industries using data from World Integrated Trade Solution (WITS) and COMTRADE. The results confirm that the natural resources sector, and in particular the oil and timber industry, is an important conduit of capital flight through trade misinvoicing. This finding underscores the need to improve governance in the extractive industries, as well as the quality of institutions, especially those that are in charge of trade transactions.

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Three strategic priorities

  • Promoting political stability +

    Promoting political stability Strengthening essential capacities to promote political and social stability for transformational change.
  • Regulate the productive sector +

    Regulate the productive sector Build capacity to engage and regulate the productive sector.
  • Monitor the impact of policies +

    Monitor the impact of policies Build capacity to monitor the impact of policies.
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Priority Action Plan

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    Adoption Adoption of an integrated approach to human capital
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    Optimisation Optimisation of the programming and implementation capacities of Cameroon's development policies, projects and programs
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    Rationalisation Rationalisation of institutions in the public sector, the private sector
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