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Cameroon

Yearbook 2000

Cameroon. In October, work began on building a 107-mile-long oil pipeline from southwest Chad through Cameroon to the port city of Kribi. Behind the project, which is estimated to cost between $ 3.5 and $ 4 billion, is a consortium of oil companies Chevron Corporation, Petronas, Exxon and Mobil Corporation. The World Bank had approved the project and granted a $ 200 million credit. Management is expected to be able to be put into operation in 2004 and be in use for 25-30 years. During that period, it is expected to give Cameroon about $ 500 million in the form of transit fees and taxes and create thousands of jobs. However, environmental organizations have expressed strong concern that the oil pipeline will damage sensitive wildlife and waterways in Cameroon's rainforest area. The risk that the income will only end up with the authorities is also considered to be imminent Cameroon.

2000 Cameroon

According to COUNTRYAAH, despite the corruption, Cameroon was approved for the World Bank and International Monetary Fund's debt relief program. Debt amortization means that about $ 100 million is made available for a three-year period to be used for social development projects.

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