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The World Bank's Oily Failure in Chad

Article no: EN20081002-Article-5.7-2008

The World Bank's Oily Failure in Chad

It had been touted as a model project that would reduce poverty in a country that is wretchedly poor even by African standards. But last month the World Bank pulled out of the Chad oil project belatedly admitting that its agreement with the government to use a substantial part of oil income for poverty reduction lay in shambles. Korinna Horta comments from Washington, DC.

Sub-Saharan Africa has a history of oil projects that have poisoned landscapes, led to massive corruption, human rights abuses and sometimes violent conflict. But in Chad, the World Bank promised, the situation would be different ...

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