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Infos Business of Sunday, 2 August 2015

Source: camernews.com

France is the first bilateral partner of Cameroon - OECD

Hollande and Biya Hollande and Biya

This is what emerged from the 2015 report of the Organisation for Economic Cooperation and development (OECD).

"Geographical Distribution of Financial Flows to Developing Countries 2015" is the title of the latest report just published by the Organisation for Economic Co-operation and Development (OECD) for the consolidated figures from the Official Development Assistance (ODA) developing countries in 2013.

The report states that France is by far the largest bilateral donor of Cameroon, with close to 175 million USD (FCFA 87, 5 billion), or 48% of net bilateral ODA received by Cameroon during this year.

These figures, according to the OECD report, do not include the French contributions via multilateral channels, while France is the second largest donor to the European Union or the Global Fund against HIV, malaria and Tuberculosis, which distributed 12 million nets during the same period.

The second bilateral donor is Germany with 84 million dollars (about FCFA 42 billion), followed by Japan, $ 41 million (FCFA 20.5 billion), followed by the US with $ 35 million (FCFA 17.5 billion). China does not appear in this ranking, because it does not follow the OECD context.

The OECD is an organization whose mission is to promote policies that will improve the economic and social well-being around the world. The annual report to be produced annually provides detailed data on the volume, origin and types of aid and other resource flows allocated to around 150 developing countries.

The statistics cover the flows of official development assistance, and other public and private funds to each recipient country by each of the members of the Development Assistance Committee of the OECD, multilateral agencies, as well as by other donor countries.