The World Bank Group, including the International Bank for Reconstruction and Development and the International Finance Corporation, has been instrumental in a number of crucial aspects of the project, including:

• Financing Chad’s and Cameroon’s equity participation in the pipeline portion of the project through low interest loans.

• Technical assistance to the Consortium in the development of the environmental and socioeconomic management plans for the project through Bank staff involvement and the Expert Panel that advised Chad during project planning.

• Monitoring the project’s compliance with the environmental and socioeconomic management plans by teams of experts, such as the External Compliance Monitoring Group, the International Advisory Group, and the Inspection Panel.

• Capacity building advice and assistance to the host countries. In particular, the World Bank Group assisted Chad in the development and implementation of its unique Revenue Management Plan to ensure transparent and equitable utilization of the oil revenues.

The Bank’s Mission Statement reads:

Our dream is a world free of poverty.

• To fight poverty with passion and professionalism for lasting results.

• To help people help themselves and their environment by providing resources, sharing knowledge, building capacity, and forging partnerships in the public and private sectors.

• To be an excellent institution able to attract, excite, and nurture diverse and committed staff with exceptional skills who know how to listen and learn.

If you would like more information on the World Bank Group, check the additional Web sites listed on our Useful Links page.