A new model?

This week's cover depicts work in 2002 along the Chad-Cameroon oil pipeline. Oil flow began in July 2003. ExxonMobil Corp. is lead company in the consortium that built the pipeline, touted during construction as the largest private-sector industrial project in Africa.It also was the focus for yet more controversy over oil and gas development in the world's poorer countries. This project, however, might—might, mind you—have turned a corner for such development. And if so, World Bank involvement would have been critical.A June 2003 report by nongovernmental organization (NGO) Catholic Relief Services (CRS) said the bank was the "catalyzing force for this controversial pr...

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