Ideas to Action:

Independent research for global prosperity

Views from the Center

CGD experts offer ideas and analysis to improve international development policy. Also check out our Global Health blog and US Development Policy blog.

 

Oil Nationalization? Why Chad is No Bolivia

Idriss Deby, President of ChadChad has expelled oil giants Chevron and Petronas from the country for allegedly failing to pay taxes. The press seems to be suggesting that the move is either another Bolivia-style nationalization or simply the government moving the American and Malaysian companies out of the way for another investor:

CPIA Revealed: World Bank sheds more light on its country ratings

In a barely-noticed step, the World Bank has recently revealed a lot about what it thinks. While most donors are rushing to concentrate their aid in ‘good performers’, the World Bank has been using ‘performance based allocation’ in one form or another since the late 1970s. Every year, it systematically rates low income countries, giving each one a score on the Country Policy and Institutional Assessment (CPIA).

More bad news for oil transparency in Congo-Brazzaville

According to Reuters, two anti-corruption campaigners have been arrested in Congo-Brazzaville, allegedly for embezzling funds. If true, it is disturbing that people tasked with overseeing fiscal transparency are themselves involved in fraud, and bodes poorly for Congo’s chances of breaking its cycle of wasting public money.