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Home > Chad: World Bank concerned over bid to gut oil revenue law

Contributor [1]
Tuesday, December 13, 2005 - 02:00
Categories: 
Environment [2]
Issue Number: 
234 [3]
Article-Summary: 

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.

Category: 
Governance [4]
Oldurl: 
http://www.pambazuka.org/en/category.php/environment/30886 [5]
Country: 
Chad [6]

Source URL: https://www.pambazuka.org/node/30895

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