What Will it Take to End the “Resource Curses?”

Jul 21, 2014 | World Resources Institute
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The discovery of oil in Chad in the 1990s brought new hope to the impoverished, land-locked nation. After the World Bank financed a $4.2 billion pipeline to carry oil from Chad to the Atlantic port of Kibri in Cameroon, the African nation began to see significant economic benefits. In 10 years, oil extraction earned the country $9.8 billion. In 2011 alone, the Government of Chad received $2.1 billion from oil revenues, constituting about 80 percent of government revenue that year.