Khan University of Yaoundé II Wilton Park, Tuesday 27 – Friday 30 April 2010 Presentation Outline Introduction Issues on DRM in the Public Sector Issues on DRM in the Private Sector Key measures to enhance DRM in Cam eroon Introduction Growth after CFAF devaluation, following prolo nged crisis, but growth has slowed to less than 3% Sustained growth of 7% required to impact pove rty sign. [...] However Oil output fallen by 57% compared to the 1980s Timber exports plummeted following recent crisis Cocoa /coffee prices fluctuate regularly There i s therefore need to increase DRM and reduce depe ndence on aid and volatile export income Our report identifies the difficulties and then the oppo rtunities of enhancing DRM in the public and private sectors in Cameroon Tax revenue 16%. [...] Exempting unexploited ancestral lands & dealing with the politica lly connected & wealthy landowners - • Provide incentives for registration thru social amenities Expand access to financial services & create appr opriate savings mobilisation instruments & instns Revoke authorisation to open/close branches of financial instn s to reduce the cost of opening bank accounts and the minim um bal. [...] Regular mutation of tax officials could break networks creat ed with taxpayers Re-enforcing border controls to check illicit imports onlin e declaration and eventual payment of taxes What role for Donors? su pport government initiatives aimed at mobilising more resources domestically Design aid to complement DRM and not as a substitute • Re venue shortfalls due to EPA should progressive. [...] Help set up a development finance institution to prov ide funds to credit-scarce sectors More generally, donor assistance should be put within the f ramework of an aid-exit strategy – • what assistance can donors start providing now to rid Came roon of aid in the near future? • Which Institutions, what capacity? Thank You Very Much for your Attention CONSTRAINTS AND OPPORTUNITIES FOR DRM IN AF.
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