Nov 09, 2005
Chad's government said on Tuesday it had agreed a bill to put before parliament changing a law which safeguards oil profits for future generations, despite objections from the World Bank. The original law, agreed with the global lender, has been touted as a test case in Africa to show petro-dollars can help the poor, with 10 percent of oil revenues meant to be saved in a special overseas fund to fight poverty in the long term.
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