Within the framework of the 105th Council of Ministers of the African, Caribbean and Pacific Group that held on its first day of discussions in Brussels, Belgium on Tuesday the 2nd of May 2017, Cameroon's Minister of Economy, Louis Paul Motaze chaired the talks. He was assisted by the Ambassador of Cameroon, Daniel Evina Abe’e in his capacity as
Chair for the Sub-Committe on Cooperation for the financing of Development.
According to studies conducted by ACP experts on the matter, "Despite sustained rates and abundant natural resources, several developing countries, particularly those with low incomes, were not able to mobilise revenus in order to finance their own development. However, thanks to the programme proposed, the Comission and the Group of African, Carribbean and Pacific States, (ACP) will be able to respect the engagements that were taken at the Third Conference on development financing at Addis-Abeba, and in particular the d'Addis-Abeba Fiscal Initiative.
In order to improve on internal resources mobilisation, and support the development of the Private Sector of ACP countries, in view of contributing to meet the Sustainable Development Objectives, two approaches were proposed, namely;
Increase the capacity of beneficiaries in the fiscal aspect to enable them carry out reforms in fiscal administration systems, whilst the second had to do with establishing a platform of dialogue between national fiscal authorities and private sector actors in matters of taxation.
For details, see www.acp.int