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Article: POLITICS: CHAD GETS WORLD BANK OVER A BARREL
- Article from:
- Inter Press Service English News Wire
- Article date:
- May 5, 2006
- Author:
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Analysis by Emad Mekay
Inter Press Service English News Wire
05-05-2006
WASHINGTON, May 4, 2006 (IPS/GIN) -- Four months ago, World Bank
President Paul Wolfowitz was fuming at the African nation of Chad
for diverting oil revenues from poverty alleviation to arms
purchases.
But now the former No. 2 at the U.S. Defense Department has
decided that Chad, which threatened to halt its oil exports if the
World Bank continued its aggressive posture, was not so wayward
after all.
Late last month, Wolfowitz backed down from his earlier decision
to suspend loan disbursements to the government, three days before
a deadline set by Chad to start freezing oil exports. The World
Bank had financed a pipeline ...