Oil in ChadPage 1 | Page 2
The Chad-Cameroon Pipeline Project ultimately failed to reach its goals, despite it being heralded the most closely-monitored African oil project in history. NGOs and independent monitors from the beginning warned that the project would not lead to advances in poverty reduction, and admittedly, the World Bank's involvement was an effort to alleviate such concerns. The Bank's actual financial contribution to the project was miniscule in light of the money that Esso and partners put forth, but the Bank's planning and oversight gave legitimacy that enabled the big oil producers and the Government of Chad to receive funding. Years later, the World Bank's withdrawal is a largely symbolic move and will not affect oil production.
The World Bank posted a statement on their website, an excerpt of which is below.
Over the years, Chad failed to comply with key requirements of this agreement. A new agreement was signed in 2006, but once again the government did not allocate adequate resources critical for poverty reduction in - education, health, infrastructure, rural development and governance. Regrettably, it became evident that the arrangements that had underpinned the Bank's involvement in the Chad/Cameroon pipeline project were not working. The Bank therefore concluded that it could not continue to support this project under these circumstances.
Some NGOs and journalists claim that oil in Chad has fueled conflict and encouraged the lingering rebellion in the east. Only time will tell what portion of the oil funds will ultimately trickle down to Chad's mass poor, and whether or not further conflict will emerge stoked by those intending to inherit Chad's growing oil wealth.
Oil exploitation in Chad and the Chad-Cameroon Pipeline Project have progressed with little media attention. Nevertheless, the World Bank's withdrawal of support in September of 2008 spurned a series of articles from several big outlets, including an article from the New York Times. The best and most thorough account was published by the Bank Information Center.
Various watchdogs and academic institutions have published studies on the Project since its initiation.
The World Bank statement (cited above)Give us your input