Strengthening Transparency in the Oil Sector in Cameroon: Why Does it Matter?

IMF Policy Discussion Papers, March 1, 2006

Source details

Canonical URL: Strengthening Transparency in the Oil Sector in Cameroon: Why Does it Matter?

Paper analyzes transparency issues in Cameroon's oil sector.
Seeks to identify why and how transparency, especially in the fiscal area, matters for economic development and poverty reduction in Cameroon.
Notes a growing recognition of the importance of transparency for economic growth and social development in oil producing countries.
Concludes that, while substantial efforts have already been undertaken, continued action is necessary to strengthen transparency.

Transparency is important for:
- economic growth in oil producing countries;
- social development in oil producing countries.
The paper focuses on transparency in the fiscal area as central to:
- economic development in Cameroon;
- poverty reduction in Cameroon.
Current status:
- Substantial efforts toward transparency in Cameroon's oil sector have already been undertaken.
- Continued action is still necessary to strengthen transparency further.

Subject: Commodities, Economic sectors, Oil, Oil prices, Oil production, Oil sector, Oil, gas and mining taxes, Prices, Production, Taxes
Keywords: Africa, African economies, Cameroon, cash payment, EITI, fiscal transparency, gas and mining taxes, Global, governance, government, government coordination, government from the need, government receipt, government's share, government's Technical Monitoring Committee, Oil, oil activity, Oil prices, oil producing countries, Oil production, oil revenue, oil sector, PDP, public expenditure, revenue, share of oil output, Société Nationale des Hydrocarbures, Sub-Saharan Africa, transparency