Watching Government - Transparency test

The World Bank hopes that by tying transparency guidelines into its financing of the $3.7 billon Chad-Cameroon oil pipeline project it will mean other resource-rich developing nations will follow Chad's example and accept public accountability standards. Bank officials said countries looking to secure loans must show a desire to translate resource revenues into sustainable benefits (see related article, p. 35).Country discussionsThe bank is talking with several other developing countries that, like Chad, might agree to follow transparency guidelines to get financing for lucrative energy deals.The bank won't name names but says some discussions are "quite advanced." Its efforts als...

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