World Bank Cuts Off Loans to Chad Over Abrogation of Pipeline Revenue Agreement

(Chadian Association for the Promotion and Defense of Human Rights, N’Djamena, 9 January 2006) The World Bank suspended all loans to Chad on January 6, 2006, after its parliament approved legislation that altered a World Bank-supported oil revenue law to access more of the profits from the pipeline. Chadian NGOs welcomed this decision, but warn that there is an urgent need to address problems of social disruption, public health and environmental damage resulting from the controversial Chad-Cameroon oil and pipeline project, which has received export credit support from France's Coface and the US Ex-Im Bank.