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Profit and Loss: The Story of African Oil
 
 
 
Chad
 
 
 
 
An engineer and an oil pipeline being laid

Chad

 

Without the backing of the World Bank, oil companies would not have risked the investment needed to turn war-torn Chad into Africa’s newest oil producer.

In a bold experiment, the Chadian government has agreed to the Bank’s proposal that oil spending be monitored by an independent committee acting for the nation.

Is this the way to avoid corruption and lift one of the world’s poorest nations out of poverty?

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