The Wolfowitz Pattern at World Bank
By Korinna Horta | Saturday, May 19, 2007 | The Boston Globe
The World Bank is sponsoring an economic and environmental catastrophe called the “Chad-Cameroon Project”, which includes oil development in landlocked Chad and a 620-mile-long pipeline to the coast of Cameroon. It is also the single largest on shore investment in Africa. In the past, the Bank often cited the project as a model for using oil revenues to reduce poverty and protect the environment, brushing over the fact that both Chad and Cameroon are governed by dictatorships among the most corrupt in the world. Now that construction of the project is complete and oil has been flowing for several years, it has done nothing to improve the lot of Chad’s people, who are desperately poor even by African standards, and the chief beneficiaries have been Exxon-Mobil and corrupt leaders of both countries. This, rather than Wolfowitz’s malfeasance, is the sort of thing that needs to be avoided at the World Bank under its next administration. Unfortunately, the next World Bank President will be appointed by George W. Bush…BS
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