 | Multi-donor Mission Visits Chad- June 12-23, 2007 - At the request of the Chadian Government, a multi-donor mission, including representatives from the AfDB, the European Commission, France, Germany, the IMF, the UN, the United States, and the World Bank, visited N’Djamena from June 12 to 23, 2007. The main objectives of the mission were to follow up on the implementation of the MoU signed on July 13, 2006 and better understand the security situation in the country. More... |
| Chad Resettlement and Compensation Plan Evaluation Study - March 14, 2007 - Esso Chad, at IFC’s request, has commissioned an independent review of its land acquisition and compensation program in Chad’s oilfield development area to assess the impact that oil production is having on local communities. The independent review is part of IFC's monitoring of the social and environmental protections that were established as conditions for its loan to the Chad-Cameroon Pipeline and Oilfield Development Project. More ... |
| A Rekindling of Hope in the Oil-producing Region - February 23, 2007 - Inhabitants of the oil producing region around Doba and Bébédja are beginning to see the results of a policy that sends five percent of oil revenues back to the region, as school buildings and equipment, water towers, modern markets, and more are being built and refurbished with oil earnings. More... |
| Update on Accidental Oil Spill off Kribi, Cameroon - January 30, 2007 - The World Bank continues to monitor the Cameroon oil spill to determine its causes, assess any immediate consequences and gain lessons to help improve preparedness in the future. On January 23 and 24 World Bank staff traveled to Kribi, Cameroon and its environs to contact government officials, officials with the Cameroon Oil Transport Co., local decision-makers, media, civil society leaders, and villagers. More... |
| Accidental Oil Spill off Kribi, Cameroon - January 23, 2007 - The World Bank Group has been in contact with the Cameroon Oil Transportation Company (COTCO), which operates the Chad-Cameroon Pipeline in Cameroon, and with the Pipeline Steering and Monitoring Committee (PSMC) about an accidental oil spill at the marine terminal of the Chad-Cameroon Pipeline that was reported last week. More... |
| Successful Entrepreneurship: Chad- Cameroon Project Helps Cameroonian Waste Management Company - November 30, 2006 - For BOCOM Recycling, the day it won a contract to manage industrial waste for the Cameroon Oil Transportation Company (COTCO), Exxon Mobil’s subsidiary that manages the pipeline in Cameroon, was a turning point. In early 2003, “we had six people working for us, one truck and three cisterns to treat sludge oil,” reflects Dieudonné Bougne, the company’s General Manager. Its turnover was only about 5 million CFA ($10,600) a year. More... |
| World Bank, Govt of Chad Sign Memorandum of Understanding on Poverty Reduction - July 14, 2006 -- Representatives from the World Bank and the Government of Chad have signed a memorandum of understanding under which the Government of Chad has committed 70 percent of its budget spending to priority poverty reduction programs, and provided for long-term growth and opportunity by creating a stabilization fund. More... |
| World Bank, Chad Reach Interim Agreement On Funding, Oil Revenue Management - April 26, 2006 -- The World Bank Group and the Government of Chad have completed a third round of discussions, and have come to an interim agreement, on issues related to the suspension of World Bank Group funding in Chad and the escrow account used for oil proceeds. More ... |
| World Bank/Chad Joint Statement - April 26, 2006 - French | English |
| Government of Chad and World Bank Group Joint Statement after multi-donor mission to Chad - April 6, 2006 -- A meeting was held in N’Djamena from April 4 through 6, 2006 which included the Government of Chad led by Mr. Abbas Mahamat Tolli, Minister of Finance and a World Bank Group mission co-led by Mr. Gobind Nankani, Vice President, Africa Region, and Ms. Robin Cleveland, Counselor to the President of the World Bank, in the presence of representatives of bilateral and multilateral partners. More... |
| World Bank Group Statement At Conclusion Of Initial Discussions With Chadian Officials - February 1, 2006 -- Delegations from the World Bank Group and the Government of the Republic of Chad concluded three days of constructive discussions on poverty reduction programs and accountability in public finance management. Both delegations agreed to return to brief their authorities on the status of the talks. More... |
| World Bank Statement on Suspension of Funds to Chad—January 6, 2006 -- The World Bank will withhold new loans and grants to the Government of Chad and suspend disbursement of International Development Association (IDA) funds allocated to the country. The value of funds being suspended is approximately US$124 million. More... |
| | World Bank Statement on Changes to Chad Petroleum Law — December 29, 2005 -- World Bank Group President Paul Wolfowitz expressed strong opposition to amendments to the Petroleum Revenue Management Law (PRML) passed today by the Chadian National Assembly. If ratified by Chad’s president, the changes will substantially weaken the poverty reduction agenda mutually agreed to as a condition of lending. More... |
| | World Bank Statement - December 8, 2005--World Bank Group President Paul Wolfowitz today expressed serious concerns about a proposal from the Government of Chad that would significantly alter the Petroleum Revenue Management Law intended to maximize the benefits of Chad’s new oil wealth for its citizens. More... |
| World Bank Reaction to Chad's Proposed Revision of the Revenue Management Law-October 25, 2005--The Revenue Management Law was designed to assure that the country's oil revenues help finance badly needed development and poverty-reduction programs for today’s population and for future generations. The World Bank is concerned that addressing grave weaknesses in public financial management is essential to ensuring that the poverty reduction goals of the oil revenue management program are protected. More... |
| World Bank Reaction to Chad-Cameroon Pipeline Oversight Committee's Report on Mission to Sites of Projects Financed by Oil Revenues-July 28, 2005 -- The World Bank has just read the Oversight Committee’s (Collège de Contrôle et de Surveillance des Revenues Pétroliers) “Report of Mission to Sites of Projects Financed by Oil Revenues”. It is the Oversight Committee’s first inspection of the implementation of projects in the priority sectors financed by Chad’s 2004 oil revenues. More... |
| Chad Oil Revenues: Watching How the Money is Spent-June 6, 2005 -- July will mark the second anniversary that oil has started to flow through the Chad-Cameroon Pipeline, a project partially financed by the World Bank Group. The pipeline has been operating under unprecedented safeguards that are making sure the oil revenues are properly managed and used to reduce rampant poverty in Chad. More... |
| Oil Revenues Flow to Chad-April 4, 2005--Chad set in motion last week the mechanism to manage the oil revenue destined for Eastern Logone, where oil production is based, when the government-appointed Provisional Committee and local NGOs met to discuss the region's development priorities. More... |
| Chad-Cameroon Pipeline Update: Interview with Project Manager-April 4, 2005--Marie Francoise Marie-Nelly, a World Bank Senior Program Manager, has been in charge of overseeing the Chad-Cameroon pipeline project. We've asked her to tell us more about the current state of the project. What are your immediate responsibilities? More... |
| Open Letter to Catholic Relief Services and Bank Information Center in Response to the Report “Chad's Oil: Miracle or Mirage for the Poor?" March 1, 2005 -- Read Letter |
| Today's Challenges on the Chad-Cameroon Pipeline
An Interview with Ali Mahmoud Khadr, World Bank Country Director for Chad
September 27, 2004 -- The premise was always, we're not going to fish for them; we're going to teach them how to fish, says Ali Mahmoud Khadr. |
| The Chad-Cameroon oil pipeline gives Chad an opportunity to reduce rampant poverty and improve living conditions by using oil revenues to fund development (social) projects. More... |
| Speeches delivered at the official Project Inauguration Ceremony on October 10, 2003 - Doba, Chad - Nils O. Tcheyan, Director, Strategy and Operations, Africa Region Vice Presidency, The World Bank Group
 (11 KB) - Rashad Kaldany, Director, Mining, Chemicals, Oil and Gas Division, International Finance Corporation (IFC) (8 KB)
|
| Chad-Cameroon Pipeline Represents New Approach - An Interview with Country Director Ali Khadr on the start of oil production in Chad
Washington, October 10, 2003 - Oil Production in Chad began in June and oil started flowing through the new pipeline in July. But today, the country’s president, Idriss Deby, will officially inaugurate the start of oil production in Chad by turning on the tap at Kome in southern Chad’s Doba Basin. This will also mark the launch of a new prototype of extractive program, one which is designed to carry oil wealth not to a few, but directly to the poor. DevNews spoke with Ali Khadr, Chad’s Country Director, about the project and its implications. More... |
| World Bank Board Of Directors Approves Management Action Plan For Two Projects In CameroonThe Board of Executive Directors of the World Bank has approved on July 22, the official response of its Management to the investigation report by the independent Inspection Panel on the Cameroon portion of the Chad-Cameroon Petroleum Development and Pipeline Project and the Cameroon Petroleum Environment Capacity Enhancement (CAPECE) Project. During the discussion, Board members commended the thorough work of the Inspection Panel and the comprehensive response from Bank management. More... |
| Chad Government Announces The Start Of Oil Production In The Country
Washington, July 14, 2003 -- Chad’s petroleum project enters its production phase today with the first flow of oil from wells in the south of the country. Esso Explorations and Production Chad, Inc., the consortium drilling for oil in the Doba basin, and the government of Chad have informed the World Bank that implementation of the $3.7 billion project was a year ahead of schedule and oil should reach loading facilities off the coast of Cameroon and the international market around the end of 2003. The official inauguration of the project is scheduled for September 30, 2003. More... |
| IFC's Support to Financial Bank Chad Links Local Small Businesses to the Chad-Cameroon Petroleum Development and Pipeline Project-May 13, 2003
The International Finance Corporation (IFC), the private sector arm of the World Bank Group, announced today that it is providing Financial Bank Chad with a euro 1 million four-year guaranty facility—the SME Credit Facility—to provide long-term funding for small and medium businesses in Chad. More... |
| World Bank Board approves the Inspection Panel's recommendation - The Panel to investigate whether the Bank has observed its policies and procedures in the Cameroon Pipeline Project
- Press Release (28 KB) - December 18, 2002
- Cameroon - Inspection Panel Report and Recommendation on Request for Inspection - English (61 KB) and French (185 KB)- December 18, 2002
- Bank Management Response to Request for Inspection - English (214 KB) and French (438 KB - December 18, 2002
- Cameroon - Request for Inspection - English (31 KB) and French (41 KB) - September 20, 2002
- Project Maps - Map I (374 KB) and Map II (252 KB)
|
| Making Petroleum Revenue Work for the Poor: Transparency and good governance dominate discussion on petroleum revenue management—November 4, 2002--For many oil-producing developing countries and countries in transition, petroleum revenues make up a substantial share of gross domestic product, national and state budgets, and foreign exchange earnings. More... |
| World Bank Board of Directors Approves Management’s Response to Inspection Panel Report on Chad-Cameroon Pipeline Project—September 12, 2002
The Board of Executive Directors of the World Bank today approved Management’s response to a report by the institution’s independent Inspection Panel on three projects in support of the Chad Petroleum Development and Pipeline Project. |
| The Inspection Panel delays its Report and Recommendation to the Board on the Chad Request—June 26, 2001--The independent Inspection Panel for the World Bank requested an extension of the time period for its report on the eligibility of the Request... More... |
| New Initiative in Chad and Cameroon will increase Oil Pipeline's Benefits to Local Enterprises—May 17, 2001--The International Finance Corporation is launching an initiative in close cooperation with local private and public stakeholders to increase local contractor involvement in the US$3.7 billion Chad-Cameroon Petroleum Development and Pipeline Project. More... |
| World Bank Appoints International Advisory Group on the Chad-Cameroon Petroleum Development and Pipeline Project--The IAG is one part of the oversight structure that was proposed by the World Bank Group to assist with successful implementation of the project when it was approved by the Board of Directors. It will advise the World Bank Group and the two governments on overall progress in implementing the project, including the key objective of reducing poverty in Chad. More... Also available in French. |
| Groundbreaking Ceremonies - Speeches in Chad and Cameroon by Callisto Madavo, Vice President, Africa Region, World Bank--October 18, 2000 |
| World Bank Group Approves Support for Chad-Cameroon Petroleum Development and Pipeline Project—June 6, 2000--The Board of the World Bank Group today overwhelmingly agreed to support the Chad-Cameroon Petroleum Development and Pipeline Project - an unprecedented framework to transform oil wealth into direct benefits for the poor, the vulnerable and the environment. In addition to the financing, the package of support includes a first-of-its-kind program to direct new revenues to support economic and social development programs in Chad, which is one of the world's poorest countries. |
| | The project, which is expected to cost $3.7 billion, will develop the oil fields at Doba in southern Chad and construct a 1,070 km pipeline to offshore oil-loading facilities on Cameroon's Atlantic coast. More... Also Available in French. |
RSS