Tag Archives: Cameroon
Cameroon takes action on three United Nations Commission on International Trade Law (UNCITRAL) Treaties
On 11 October 2017, the Government of Cameroon deposited instruments of ratification or accession to three international conventions prepared by the United Nations Commission on International Trade Law (UNCITRAL). These three treaty actions are a remarkable illustration of Cameroon’s greater commitment to the harmonization of international trade law in Africa. They are to be seen in the context of Cameroon’s role as Chair of the 49th session of UNCITRAL (2016-2017) and the announcement, at the 50th session of UNCITRAL in July 2017, that an African regional centre of UNCITRAL is to be created in Cameroon.
The United Nations Convention on Transparency in Treaty-based Investor-State Arbitration enters into force today
The United Nations Convention in Transparency in Treaty-based Investor-State Arbitration (“The Mauritius Convention on Transparency”) will enter into force today, 18 October 2017. The Convention has to date been ratified by Canada, Mauritius and Switzerland. None of the ratifying States made reservations and, as a result, the Transparency Rules are now part of the investor-State dispute settlement regime created by investment treaties concluded by those three States. Consequently, the Transparency Rules will apply to investor-State disputes arising under investment treaties concluded by those States before April 2014 in accordance with the conditions set forth in the Transparency Convention and the relevant investment treaties.
With a 3.6% real GDP growth in Q1 2017, the world economy has remained strong, surpassing the earlier forecast at 3.5% for 2017-2018. This growth, according to Euromonitor International, is and continue to be highly driven by emerging markets which account for approximately 74% of the world’s real GDP expansion, and a predicted share of up to 79% by 2020.
World Bank report on PPPs in power transmission in Africa presented at Future Energy Central Africa in Yaoundé next week
Regional energy ministers to debate energy reforms in opening session
“The ‘Linking up: Public-Private Partnerships in Power Transmission in Africa’ report has a very simple message: the private sector is already actively involved in power generation in Africa, and the same could happen in the transmission sector as has happened in other parts of the world under what we are calling the independent power transmission (IPT) model.”
An International Monetary Fund (IMF) staff team, led by Corinne Deléchat, visited Yaoundé during August 22–29, 2017 to review recent economic developments and discuss the 2018 budget and medium-term budget framework.
Several regional energy ministers confirmed for October power forum
Encouraging private and public collaboration to make energy deals happen is high on the agenda at the rebranded Future Energy Central Africa forum that is taking place from 2-3 October in Yaoundé, Cameroon this year. “We have deliberately put together a very practical programme” says event director Marie Sachet, “because I believe all stakeholders agree on what the generation potential in the region is, but we need specific actions to prepare the sector for much-needed investments and bankable power projects.”
She continues: “Future Energy Central Africa is working with the energy ministries in the region, project developers, financiers as well as regulators to set the agenda to encourage private and public cooperation in order to increase energy capacity and economic growth in Central Africa. Our conference programme includes a high-level ministerial keynote panel discussion on the opening day, successful project leaders from the private sector as well as utility leaders.”
The UN Special Rapporteur will continue to monitor developments in Cameroon closely, and is at the disposal of the authorities to provide assistance or advice as required
YAOUNDE, Cameroon, May 15, 2013/African Press Organization (APO)/ – An International Monetary Fund (IMF) mission, led by Mr. Mario de Zamaróczy, visited Cameroon during April 29–May 14, 2013 to conduct the 2013 Article IV Consultation. The mission met with Prime Minister Philémon Yang, Minister Secretary General at the Presidency Ferdinand Ngoh Ngoh, Minister of Finance Alamine Ousmane Mey, Minister of Economy, Planning, and Territorial Development Emmanuel Nganou Djoumessi, several other ministers, the Vice Governor and the National Director of the Bank of Central African States (BEAC), other senior officials, and representatives of the private sector, labor unions, civil society organizations, and development partners. The discussions focused on recent economic and financial developments, the 2013 budget, and the economic outlook for 2013 and beyond. At the end of the mission, Mr. de Zamaróczy issued the following statement: