Subject category:
Finance, Accounting and Control
Published by:
Harvard Business Publishing
Version: 17 March 2006
Length: 22 pages
Data source: Published sources
Abstract
On June 6, 2000, the World Bank's and IFC's board of directors was scheduled to vote on whether to approve funding for the USD4 billion Chad-Cameroon Petroleum Development and Pipeline project. Although the project presented a unique opportunity to alleviate poverty in Chad, one of the poorest countries in the world, Chad had a president who had been labeled 'warlord' and a history of civil war and oppression. This case describes the project, the setting, and the World Bank's reasons for participating in the deal-mainly an opportunity to alleviate poverty, enforce environmental standards, and minimize the impact on indigenous people. It also describes the very public and very ardent opposition to the project's environmental, social, and revenue management policies. Faced with a high-risk, but potentially high-return opportunity to improve conditions in Chad, students, as the directors, must decide whether to approve funding for the deal.
Location:
Size:
USD1,200 million revenues, 1,000 employees
Other setting(s):
2000
About
Abstract
On June 6, 2000, the World Bank's and IFC's board of directors was scheduled to vote on whether to approve funding for the USD4 billion Chad-Cameroon Petroleum Development and Pipeline project. Although the project presented a unique opportunity to alleviate poverty in Chad, one of the poorest countries in the world, Chad had a president who had been labeled 'warlord' and a history of civil war and oppression. This case describes the project, the setting, and the World Bank's reasons for participating in the deal-mainly an opportunity to alleviate poverty, enforce environmental standards, and minimize the impact on indigenous people. It also describes the very public and very ardent opposition to the project's environmental, social, and revenue management policies. Faced with a high-risk, but potentially high-return opportunity to improve conditions in Chad, students, as the directors, must decide whether to approve funding for the deal.
Settings
Location:
Size:
USD1,200 million revenues, 1,000 employees
Other setting(s):
2000