WORLD BANK WASHES HANDS OF CHAD PIPELINE PROJECT
September 1st, 2008
BY KEITH NUTHALL
THE WORLD Bank has scrapped a groundbreaking deal financing an oil pipeline from Chad to Cameroon, on condition the Chadian government spent resulting revenues on poverty reduction. Instead it funded military and security programmes. Chad has now repaid the US$65.7 million owed to the bank.
ENDS
THE WORLD Bank has scrapped a groundbreaking deal financing an oil pipeline from Chad to Cameroon, on condition the Chadian government spent resulting revenues on poverty reduction. Instead it funded military and security programmes. Chad has now repaid the US$65.7 million owed to the bank.
ENDS
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