This presentation is entitled “Spotlight on an Emerging Economy, stifled by Illicit Financial Flows: The case of Cameroon”. The presentation targets the entire Cameroonian population. Its objective is to create awareness, deepen learning and inform the public on the proposed way forward concerning how to end extreme poverty and boost shared prosperity in Cameroon by 2030. As per this presentation the objective can be achieved by focusing on boosting the economy and curbing illicit financial flows. Focus has been laid on areas that have been considered to be priority aspects in developing the Cameroonian economy.

1. SPOTLIGHT ON AN EMERGING
ECONOMY STIFLED BY ILLICIT
FINANCIAL FLOWS:
THE CASE OF CAMEROON

2. Country:
Cameroon

3. Problem area of focus:
An emerging economy
further stifled by illicit
financial flows

4. Target Audience:
All Cameroonians
Policy Makers
Civil Society
Scientific Community
Academic World
Private Sector
The poor and vulnerable
Everyone

5. Project Objective:
To create awareness, deepen learning and
Inform the public on the way forward
concerning how to end extreme poverty and
boost shared prosperity in Cameroon by 2030
Through focusing on boosting the economy
and curbing illicit financial flows.

6. Final Project at a Glance
Topic:
Spotlighton an
Emerging Economy
stifled byillicit
financialflows:
ThecaseofCameroon
Target Audience:
Project Objective:
Introduction
/Overview
The Problem
The Solution
Why the
Cameroon
Government will
be interested in
solving the
problem
Problem
How the
solution will be
financed
Why the official
aid provider and
the private sector
will be interested
in solving the
problem Problem
The way forwardThe end

7. Introduction
There is need in Cameroon to end extreme
poverty and boost shared prosperity by 2030.
To achieve this dire need, a lot needs to be
done in terms of much more effort, more
commitment, more dedication and most
Especially more financing is needed to
address the enormous constraints faced by
especially the poor and the vulnerable.

8. Introduction
Cameroon has received Official Development
Assistance (ODA) now for some time. Data
provided on the Aidflow Chart shows that the
trend of ODA for Cameroon has been
Fluctuating across the years.
In 2005 and 2006, the net ODA as a percentage
of GNI was lowest at 2.3% while in 2007 and
2008 it was at its peak at 8%. Cameroons ODA
has been on the decline since 2008 possibly
because of donor fatigue.

9. Introduction
Conversations are on-going and more thought is
being given to diverting the use of ODA to be
used in more serious situations like in crisis
management and other natural unfortunate
outbreaks. So, nations like Cameroon will have
to depend less and less on ODA and much more
On mobilizing resources in-country to solve
identified development issues.

10. Introduction
It is in this vein that this project is first of all
about determining one of the development
priority areas for Cameroon (boosting the
economy and curbing illicit financial flows),
making suggestions on how to solve the
problem, then providing a plan on how to
provide funding in solving the problem.

11. The Problem
Cameroons economy is still emerging with very
low standards of living for the masses. Any
effort to address the situation is further stifled
by corruption which is widespread across the
Sectors.

13. The most outstanding area of focus here is on the fact that
Cameroon has not got an organized system of coordinating
Small and Medium Size Enterprises (SME’s) that focus on the
priority areas of development . The Cameroon Government
from their policies and practices, have really not encouraged
the birth of SMART businesses with positive ripple effects
across several development sectors. The Government has
Not provided an enabling environment for sufficient
production in-country and also for enriching the discipline
of entrepreneurship.

14. Proposed Solution
As Ian Allisson says in his video, we should
place the problem in the centre , and gather
round it, then ask ourselves… who can do
Something about it.

15. Solution continued…
What this means is that since we intend to use
the billions to get to the trillions, so as to meet
the needs of the masses especially the poor and
the vulnerable;

16. Solution continued…
Before we take action, we must…
• Include the poor
• Engage the poor
• Challenge the poor to be innovative
• Go beyond brainstorming with the poor so
that they are part of their development.
• Like Ian Allison says in his video, there needs
to be some level of shared responsibility and
shared solidarity and not a top down
approach

17. Solution Continued …
• Focus on producing relevant products in-
country. Invest in the industrialization sector
so that Cameroon refrains from exporting raw
materials to creating her own industries

18. • Focus on reinforcing the entrepreneur spirit and support the formation of
SME’s so that the masses can initiate new businesses that will enable
them to afford a befitting and more acceptable standard of living without
depending on the government for jobs. They will be self reliant and would
be able to afford good healthcare and quality education. More
philanthropists will even spring up as people are enabled to support even
the government. Finally more businesses will mean more taxes to the
government

19. Why the government would want to
participate in solving this problem…
Because the solution will boost the
Cameroonian economy and there will be ripple
Effects across other development sectors.
In addition, it will attract Foreign Direct
Investment (FDI) of the private sector.
The proposed solution will go a long way to achieve at
least half if not more, of the sustainable Development
Goals (SDG’s)

20. Why the official aid provider or
private sector would want to
participate in solving this problem…
• Because boosting the economy would provide a
favourable environment for Foreign Direct Investment
(FDI). In which case foreign companies invest in
• Because the means by which the economy will be
boosted will empower the poor and vulnerable to be
self reliant thus take charge of some dire needs
without waiting or leaning on the international or
national community.

21. Financing Proposal
How will the solution be financed?
• The greatest share of finances will come from
domestic resource mobilization (DRM)
• Use will be made of financial instruments like
concessional and regular loans, in-country
grants (Susan McAdams video)
• Money will come from taxes, collection of
public savings, returns from investments
made, and bonds in order to finance the
proposed solution.

22. • In Cameroon, the ODA can be used more
effectively in making available incentives ,
loans and rewards for start up of SMART Small
and Medium Size Enterprises (SME’s) whose
work/focus will have a ripple effect on other
sectors of development. (inspired from Dr.
Ngozi’s video

23. • Cameroon should work on having a better tax
policy and a good less complicated methods of
tax administration like Nigeria that suceeded in
bringing down the process to 24hours. (Dr.
Ngozi’s videos). Policy makers should uplift the
delays, inconsistencies and intricacies
sorrounding tax payments…under invoicing etc…
• the Government of Cameroon should work
closely with the private sector to better see how
to finance this initiative.
• The international partners should lead the entire
team in cracking down illicit financial flows
especially capital flight.

24. • The money already collected from taxes in
country can do much if there is smart use of
the balance sheet. Bertrand Badre says tax
collection should be better managed and the
expenses reviewed with the entire tax system
evaluated (TADAT)
• On a further note the Government should
sponsor more research in country

25. •ODA can provide incentives for research geared towards development so
that products developed will be based on facts and informed decisions…in
this way it will ensure more production and more efficient services in
addressing the SDG’s.
Pause and Think… how come in Cameroon which is not an apple growing
region, we eat apples round the year but simple tomatoes, pears etc cannot
be preserved for more than a week and they get out of season… can more
research be done in this area?

27. The way forward
By getting everyone involved in attaining the
sustainable development goals, the
international body, the national governments,
other stake holders and the masses, the public
and private sector need to work as a team.

28. The End
All photographs and images in this work were taken by the presenter of this presentation today 09/12/2012
at 5pm in the city of Bamenda in the North West Region of Cameroon.