REPUBLIQUE DU CAMEROUN Paix – Travail – Patrie MINISTERE DES FINANCES COMITE ITIE REPUBLIC OF CAMEROON Peace – Work – Fatherland MINISTRY OF FINANCE EITI FOLLOW-UP COMMITTEE
CAMEROUN EITI CAMEROON
# Extractive Industries Transparency Initiative in Cameroon
EITI REPORT 2019 (EXECUTIVE SUMMARY)
November 2021
BDO
.
Summary EITI Report 2019
This document has been translated from the French original for reference purposes only. In the event of any discrepancy between this translated document and the French original, the original shall prevail.
JBDO Tunisia Consulting | Page 3
Summary EITI Report 2019
# Contents
LIST OF TABLES...5 LIST OF GRAPHICS...5 1 EXECUTIVE SUMMARY...6 1.1 Introduction...6 1.1.1 Context...6 1.1.2 Mandate of the Independent Administrator (IA)...6 1.1.3 Participants in the 2019 EITI Report...6 1.1.4 Limitations of the 2019 EITI Report...6 1.2 Key figures of the EITI Report 2019...7 1.2.1 Revenues from the extractive sector...7 1.2.2 Payments from extractive companies...8 1.2.3 Contribution of the Extractive Sector on the State Budget...9 1.2.4 Data quality and reliability...10 1.2.5 Production and export...10 1.2.6 Contribution to the economy...11 1.3 Main findings...11 1.3.1 Data comprehensiveness...11 1.3.2 Results of the reconciliation work...11 1.3.3 Reliability of data...13 1.4 Recommendations...13
JBDO Tunisia Consulting
Summary EITI Report 2019
# List of tables
Table 1 - Statement of Extractive Industry Payments by Government Agency 8 Table 2 - Statement of State budget revenues by sector 9 Table 3 - Statement of State budget revenue by flow 9 Table 4 - Summary of production and exports of the extractive sector 10 Table 5 - Contribution of the extractive sector to the economy 11 Table 6 - Summary of cash-flow reconciliation 11 Table 7 - Summary of in-kind payment reconciliation 12
# List of graphics
Graphic 1 - Revenues from the extractive sector 7 Graphic 2 - Payments from extractive companies 9
JBDO Tunisia Consulting
Summary EITI Report 2019
# 1 Executive Summary
1.1 Introduction
1.1.1 Context
The Extractive Industries Transparency Initiative (EITI)¹ is a voluntary mechanism aimed at strengthening the good governance of public revenues derived from extractions in countries rich in oil, gas, and mining resources.
The EITI requires the annual publication of EITI Reports, including the disclosure of significant state revenues from the extractive industries, as well as the disclosure of all significant payments made to the Government by Oil, Gas and Mining Companies.
Cameroon has so far published fourteen (14) EITI Reports covering the period from 2001 to 2018. BDO has been appointed by the EITI Committee as Independent Administrator (IA) for the preparation of the 15th EITI Report covering the year 2019.
1.1.2 Mandate of the Independent Administrator (IA)
The mandate of the IA mainly covers:
- collecting contextual and financial data from reporting entities.
- compilation and reconciliation of data reported by extractive companies and by the government.
- investigation of the discrepancies identified during the reconciliation work; and
- preparation of the EITI Report in accordance with the EITI Standard and the Terms of Reference.