Date of Award
Economics and Business
Oil Production, Socioeconomic Development, Chad
"Oil production in Chad is considered one of the most important Sub-Saharan investments in Africa. In 2000, the World Bank agreed to finance oil production under the condition that oil revenues would be invested in socioeconomic development projects. Furthermore, the World Bank emphasized that oil revenues should be used in a transparent and accountable matter.1 Oil production started in Chad in 2003 and brought billions of dollars to the government. Nevertheless, the Chadian population continues to live in extreme poverty. The purpose of this paper is to evaluate the impact of oil production on socioeconomic development. It will demonstrate that oil production has done little to improve the living conditions of the Chadian people."
Kessely, Annicette, "Why Oil Production has a Negative Impact on Socioeconomic Development in Chad?" (2012). CUNY Academic Works.