Chad is a country with a long history of civil war, continued political instability, a weak judicial system, widespread corruption.

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Aleksandra Rosiczka 2a

Chad is a country with a long history of civil war, continued political instability, a weak judicial system, widespread corruption. The United Nations  ranks Chad as the seventh poorest country in the world, with 80% of the population living below the poverty line. The () per capita was estimated as 1,600 in 2008.

Chad’s economy is primarily agriculture. Cotton and cattle have been Chad’s main exports before independence, but during the 1990s gum Arabic emerged as a third major export commodity.

The World Bank has a long history with the government of Chad over revenues from the Exxon Mobil-led project, which at a cost of $4.2 billion represents the single largest on-shore investment in Sub-Saharan Africa. Since 1960 when Chad granted independence from France they have a traditional economy.

Chad joined the World Bank in 1963. Since then, the World Bank has provided support to more than 50 development projects connected with achieving sustainable economic growth while reducing poverty. In1970s took place first discoveries of petroleum in Chad. In 1986 the World Bank and the International Monetary Fund (IMF) joined in efforts by other donors, including France, the EEC, and the United States, to stabilize Chad's financial and budget difficulties. During the late 1990s, Chad collaborated with the World Bank and the IMF to implement structural adjustment programs aimed at liberalizing the economy and improving government management.

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Between 2000 and 2003, an American-led consortium invested $3.7 billion into the project, approximately $2 billion of which was invested in Chad. Since 2003 the economy of Chad is currently dependent on oil. Pipeline project was officially suspended in September 2008. It is a 1,100km-pipeline - with 890km of it passing through Cameroon - to the Atlantic.  It was hoped that this project would serve as a catalyst for the entire economy by helping to reduce energy costs and attracting additional trade and investment in other sectors. This pipeline is a perfect example of the Bank’s disregard for environmental concerns. ...

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