Please click here to read the first edition of the new magazine produced by PWYP Cameroon : Industries Extractives en Toute Transparence.

Please click here to read the full press release put out by PWYP Cameroon the EITI Validation in Cameroon.

At the end of the PWYP African regional meeting, which took place at Limbe on March 2007, a regional action plan was approved by the PWYP coalitions throughout Africa.

In order to further develop, improve and implement some sections of the action plan, the members of the PWYP campaign in Africa agreed to meet in Libreville, Gabon, from 27 to 29 June 2007 after an EITI training organized by the World Bank mostly for French-speaking countries in Africa.

Africa is fast becoming a key supplier of oil to the United States. In a decade, nearly a quarter of all oil supplies will come from the region. As this report argues, despite this “oil boom” ordinary Africans will see no improvements to their lives so long as revenues continue to flow into governments lacking in transparency and accountability. This report addresses two key questions: How can Africa’s oil boom contribute to relieving poverty? What policy changes should be implemented to promote the management and allocation of oil revenues in a way that will benefit ordinary Africans?

“Last week, the first oil tanker left the waters off Kribi, Cameroon, its belly filled with 950,000 barrels of crude and the hopes of millions of Chadians to whom the oil belongs. But fragile are the hopes that the $2 to 6 billion in oil revenues estimated to flow into Chad over the next 30 years will lift people out of poverty.

The controversial Chad-Cameroon Oil Development and Pipeline Project was widely seen as a test case for how a country could overcome the “resource curse” by consciously using oil production revenues to reduce poverty. The $4.2 billion project, with its 665-mile pipeline was led by Exxon-Mobile with financing from the World Bank and the International Finance Corporation.

Acommunique on the Chad-Cameroon oil and pipeline project and how the situation stands three years on from exploitation.

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The Publish What You Pay (PWYP) coalition is concerned about the current stalemate between the Chadian government and the World Bank following the government’s amendment of Law 001 – the petroleum revenue management law

The Chadian Association for the Promotion and Defense of Human Rights (N’Djamena, Chad) and Environmental Defense (Washington, D.C.) welcomed the World Bank’s decision last Friday to suspend funding for Chad, but called attention to the urgent need to address problems of social disruption, public health and environmental damage resulting from the controversial Chad-Cameroon oil & pipeline project.