The World Bank has “serious concerns” about the Chad government’s plan to do away with a special fund that safeguards petrodollars for future generations, the institution said. The trust fund was among innovative socio-economic measures required by the World Bank in return for financing part of a vast pipeline from Chad to the Atlantic Ocean off Cameroon. But the Chad government says it needs to tap into the petrodollars now to tackle a financial crisis and bolster security in the country.
Links
[1] https://www.pambazuka.org/author/contributor
[2] https://www.pambazuka.org/taxonomy/term/3298
[3] https://www.pambazuka.org/article-issue/234
[4] https://www.pambazuka.org/taxonomy/term/3274
[5] http://www.pambazuka.org/en/category.php/environment/30886
[6] https://www.pambazuka.org/taxonomy/term/3344