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Source: Organisation for Economic Co-operation and Development (OECD) |

African economies sustain progress in domestic resource mobilisation

African economies continue to rely heavily on taxes on goods and services, which accounted for 54.6% of total tax revenues in the Africa (21) average

Africa has sustained gains in domestic resource mobilisation made since 2000, as tax revenues remained stable in 2016, according to Revenue Statistics in Africa 2018. Providing internationally comparable data for 21 participating countries, the report finds that the average tax-to-GDP ratio was 18.2% in 2016, the same level as in…

Source: Organisation for Economic Co-operation and Development (OECD) |

The Economy of Illicit Trade in West Africa

Tuesday 20 February 2018, 8:30 a.m. media briefing, 9:30 a.m. launch event, OECD Conference Centre, 2 rue André-Pascal, 75016 Paris

Some USD 50 billion leaves Africa each year in illicit financial flows – more than the continent receives in development aid – in a vicious cycle that aggravates poverty and insecurity and enriches criminal networks. The OECD will launch a new report, Illicit Financial Flows: The economy of Illicit Trade…

Source: Organisation for Economic Co-operation and Development (OECD) |

African Union Commission and OECD Development Centre call for tapping immigrants’ contribution to Africa’s economic transformation

AUC and the OECD Development Centre announced the launch of their forthcoming joint report Dynamic of African Economies (DAE)

The perceptions that international migration is first and foremost a South-North phenomenon and that immigrants cost more than they yield is widespread. Yet about eight out of ten African migrants leave for another African country. Their impact on the economies of host countries is generally positive though limited. At the…

Source: Organisation for Economic Co-operation and Development (OECD) |

10th Meeting of the Global Forum on Transparency and Exchange of Information for Tax Purposes, 15-17 November 2017, in Yaoundé, Cameroon

The Forum’s 10th meeting will bring together more than 200 delegates for discussions on the next steps to accelerate international cooperation against tax evasion with a focus on developing countries, in particular those in Africa

Global cooperation to fight tax evasion and avoidance has grown rapidly over the past few years. Tax transparency and exchange of Information between tax authorities about financial assets and activities of their taxpayers abroad has proved to be a valuable tool in this fight. New efforts to ensure a worldwide…

Source: Organisation for Economic Co-operation and Development (OECD) |

The increased cost of air pollution in Africa calls for urgent mitigation action, says new OECD Development Centre study

Without bold policy changes in Africa’s urbanisation policies, these costs might explode

The human and economic costs of air pollution in Africa are growing fast, according to a new OECD Development Centre study on the Cost of Air Pollution in Africa. Already, they are surpassing the costs associated with unsafe sanitation or underweight children. Without bold policy changes in Africa’s urbanisation policies,…

Source: Organisation for Economic Co-operation and Development (OECD) |

OECD Development Centre and European Commission host Dialogue on Tapping the Benefits of Migration for Development through more Coherent Policies

These topics were at the heart of today’s dialogue co-hosted by the OECD Development Centre and the European Union Thematic Programme on Migration and Asylum, which centred around their joint empirically-based report on the Interrelations between public policies, migration and development (IPPMD) conducted in ten partner countries-Armenia, Burkina Faso, Cambodia, Costa Rica, Côte d’Ivoire, the Dominican Republic, Georgia, Haiti, Morocco and the Philippines - between 2013 and 2016

When the United Nations’ General Assembly welcomed world leaders to New York City in September, it also, hosted a high-level summit on refugees and migration for the first time in its history. The summit highlighted the particular need for policies to realise migration’s development potential. By integrating migration, including forced…

Source: Organisation for Economic Co-operation and Development (OECD) |

Launch of the African Economic Outlook 2016

9 a.m. Lusaka/ Paris (7 a.m. GMT; 3 a.m, New York) on Monday, 23 May 2016 AfDB Annual Meetings, Lusaka, Zambia

The African Development Bank (AfDB), the OECD Development Centre and the United Nations Development Programme (UNDP) will release their joint African Economic Outlook 2016. This yearly report contains country notes with projections and analysis on macroeconomic, finance, trade, social and human development trends and statistics for all 54 African countries.…

Source: Organisation for Economic Co-operation and Development (OECD) |

Tackling rural development is essential for achieving the Sustainable Development Goals, says new OECD Development Centre report

With the number expected to increase until 2028, 3.4 billion people currently live in rural areas, with around 92% of the rural population located in developing countries. They are mainly concentrated in Asia and Africa. The situation is particularly fragile in sub-Saharan Africa, the only place where the number of…

Source: Organisation for Economic Co-operation and Development (OECD) |

Rising tax revenues are key to economic development in African countries

Tax revenues in African countries are rising as a proportion of national incomes, according to the inaugural edition of Revenue Statistics in Africa. The report, which contains internationally comparable revenue data for eight African countries, accounting for almost a quarter of Africa’s total GDP, will be discussed on Sunday 3…

Source: Organisation for Economic Co-operation and Development (OECD) |

Uganda becomes the 90th jurisdiction to join the most powerful multilateral instrument against offshore tax evasion and avoidance

Uganda today signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters. It is the 8th country of the African continent to sign the Convention and the 90th jurisdiction to join it. Her Excellency, Nimisha Janat Madhvani, Uganda’s Ambassador to France, signed the Convention in the presence of Deputy…