A report by NGOs in Chad, Cameroon and the US finds that the World Bank’s Implementation Completion Report (ICR) for the Chad-Cameroon pipeline (see Update 53) is seriously at odds with the findings of official project monitors. Though the ICR recognises that oil revenues are likely to aggravate the security problems in Chad, its ratings are “detached from reality, and make misleading statements for instance on compensation and the Indigenous Peoples Plan”. NGOs urge the Bank to address the outstanding environmental and livelihood problems. Of special concern are Cameroon’s Bakola/Bagyeli people who now face threats to their survival.
EarthRights International examines how the Jam v. IFC case has helped to shift the landscape of accountability for international financial institutions by successfully challenging their claim to “absolute” immunity in US courts, potentially opening IFC up to further legal challenges in future.
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