REPUBLIC OF CAMEROON Peace – Work – Fatherland REPUBLIQUE DU CAMEROUN Peace-work-fatherland
# MEMORANDUM OF UNDERSTANDING ON DATA EXCHANGE
BETWEEN THE UNDERSIGNED
THE MINISTRY OF FINANCE Hereinafter referred to as “MINFI”.
On the one hand,
And
THE AUTONOMOUS SINKING FUND Hereinafter referred to as “CAA”.
On the other hand,
Each referred to as “a Party” and both referred to as “the Parties”,
2
# THE PARTIES, PRELIMINARILY DECLARE THAT:
The various CEMAC countries have embarked on a major movement to reform public finance management with a view to aligning themselves with international standards.
This reform, established by the Guidelines of the CEMAC Harmonised Public Finance Framework of 19 December 2019 and the law on the financial regime of the State and other public entities, focuses in particular on the budgetary aspect through the advent of the programme budget, and the accounting aspect, materialised by the introduction of accrual accounting similar to company accounting.
Furthermore, the reform makes a point of honour of transparency in public management and improves the quality and accuracy of accounting and financial budgetary information of public entities.
This threefold quality requirement calls for the development of an appropriate budgetary and accounting information system capable of providing regular, faithful and sincere information on the execution of the budget, the maintenance and production of public accounts and changes in the assets and financial situation of public entities.
In such a context, the MINFI and the CAA, jointly in charge of state public finance and the management of the state's internal and external debt (accounting, loans, debt collection, etc.) have among other missions to guarantee the sustainability of the debt, both in terms of forecasting and actual debt. This mission cannot be effectively accomplished without permanent exchanges of data between these two major players in public debt management.
In this respect, the CS-DRMS, SIGED and ERP applications of the CAA and PROBMIS, CADRE, MESURE, FISCALIS, CAMCIS of the MINFI must be able to ensure the coherent monitoring of the recovery of State debts, payment and reimbursement operations, and their accounting through an exchange of data between these two entities.
The objective is to abolish manual interventions in exchanges and to establish a systematic sharing and mutualisation of data to the dematerialisation of information between the central services of MINFI and MINEPAT.
In particular, this type of exchange will have to play a dual role: on the one hand, it will have a significant impact on the reconciliation of information contained in physical files and electronic data, and on the other hand, it will considerably speed up the processing of the financial transactions concerned and make accounting (budgetary, general, material and cost analysis) more reliable.
Aware of the challenges mentioned above, the parties have decided to strengthen their collaboration in automated data exchange.
# BOTH PARTIES CONCUR AND AGREE AS FOLLOWS: