Topics: Petroleum, Human rights, World Bank Pages: 26 (11237 words) Published: May 19, 2015
(A) Contribution of oilt~ debt

The Contribution of Oil to Debt and
Under-Development in Africa: The Case
of the Chad-Cameroon
Oil Pipeline Project

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The Contribution of Oil to Debt and Under-Development in Africa The Case of the Chad-Cameroon Oil Pipeline Project
ISBN 978-0-7974-3424-0
EAN 9780797434240
All rights reserved to AFRODAD

African Forum and Network on Debt and Development
31 Atkinson Drive, Hillside,

PO Box CY1517, Causeway, Harare, Zimbabwe
Telephone 263 4 778531, 778536
Telefax 263 4 747878
Website: WWW.,

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AFRODAD aspires for an equitable and sustainable development process leading to a prosperous Africa. AFRODAD Mission
To secure policies that will redress the African debt crisis based on a human rights value system. AFRODAD Objectives include the following:

To enhance efficient and effective management and use of resources by African governments; To secure a paradigm shift in the international socio-economic and political world order to a development processthat addresses the needs and aspirations of the majority of the people in the world. To facilitate dialogue between civil society and governments on issues related to Debt and development in Africaand elsewhere.

From the vision and the mission statements and from our objectives, it is clear that the Debt crisis, apart from being apolitical, economic and structural issue, has an intrinsic link to human rights. This forms the guiding philosophy for ourwork on Debt and the need to have African external debts cancelled for poverty eradication and attainment of social andeconomic justice. Furthermore, the principle of equity must of necessity apply and in this regard, responsibility ofcreditors and debtors in the debt crisis should be acknowledged and assumed by the parties, When this is not done, it isa reflection of failure of governance mechanisms at the global level that protect the interests of the weaker nations. TheTransparentArbitration mechanism proposed by AFRODAD as one way of dealing with the debt crisis finds afundamen-tal basis in this respect.

AFRODAD aspires for an African and global society that is just (equal access to and fair distribution of resources),respects human rights and promotes popular participation as a fundamental right of citizens (Arusha Declaration of1980), in this light, African society should have the space in the global development arena to generate its own solutions,uphold good values that ensure that its development process is owned and driven by its people and not dominated bymarkets/profits and international financial institutions. AFRODAD is governed by a Board of seven people from the five regions of Africa, namely East, Central, West. Southernand the North, The Board meets twice a year, The Secretariat, based in Harare, Zimbabwe, has a staff compliment of Seven programme and five support staff,

AFRODAD wishes to acknowledge their great debt of gratitude to Samuel Nnah Ndobe for investing considerable time and effort in the research process of this report. Many thanks also goes to those in the Cameroonian government, civil society, the UN family, international financial institutions, donor community and private sector who contributed to the research outcome through interviews or responding to questionnaires. We also remained indebted to Dr. Nancy Dubosse for helping in the final edit and proof-reading of this report. The financial support of Ford Foundation and Novib was invaluable to the project. The report benefited greatly from the facilitation of Mr. Taurai Chirarerae at...

References: Alemayu Geda (2001) "Debt Issues in Africa: Thinking Beyond Ihe HIPC Initiative to Solving Structural Problems"
WIDER Helsinki.
Ann-Louise Colgan (2001) "Africa 's Debt"AfricanAction
Berne Declaration et al (1999) "A Race to the Bottom: Creating Risk, Generating Debt and Guaranteeing
Centre for Environment and Development (CED) (2003) "Traversing Peoples Lives: How the World Bank Finances
CommunttyDisruption in Cameroon"
Jeff Haynes et al (1987) "Debt in Sub-Saharan Africa: The Local Politics of Stabilization" African Affairs Vol
Jubilee USA Network (2006) "The Unfinished Agenda on International Debt: What did the 2005 Debt Deal Achieve?
the Environment at Risk"
Robert Bacon and Silvania Tordo (2006) "Experiences with Oil Funds: Institutional and Financial Aspects"
IBRDlWorld Bank
Taimoon Stewart (2002) 'The Third World Debt Crisis:AContinuity of Imperialism" South Centre
Princeton University Woodrow Wilson School of Public and International Affairs (2004) "Big Oil and Health: Lessons
from the Chad Cameroon Pipeline"
The OECD/AfDB (2006) "Cameroon African Economic Outlook 2005 2006"
The Case of the Chad-Cameroon Oii Pipeline Project
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