Chad and World Bank: PWYP urges all stakeholders to resume talks to end current stalemate over oil revenue management law dispute
Article from: OGEL 1 (2006), in Good Governance
Introduction
The Publish What You Pay (PWYP) coalition is concerned about the current stalemate between the Chadian government and the World Bank following the government's amendment of Law 001 - the petroleum revenue management law which had until recently directed oil revenues towards projects aimed at poverty reduction in one of Africa's poorest countries - and the decision by the World Bank to suspend its loan program and freeze the escrow account that collected revenues from Chad's oil in protest at the government's decision.1 Echoing the views of our Chadian coalition and other civil ...