The OECD issued a communique announcing that Rwanda has joined regional initiatives to increase tax transparency – the Yaounde Declaration.
The Yaounde Declaration was initially signed by four counties in November 2017.
This was an encouragement to the African Union to begin a high-level discussion on tax cooperation. The goal is to ensure that African countries take ownership of the tax transparency agenda and promote it so that domestic resource mobilisation is enhanced. The Yaounde Declaration is an initiative to improve international tax cooperation to combat Illicit financial flows in Africa
Four years later, with Rwanda’s joining, 31 African ministers of finance and the African Union Commission now back this declaration.