abusesaffiliationarrow-downarrow-leftarrow-rightarrow-upattack-typeburgerchevron-downchevron-leftchevron-rightchevron-upClock iconclosedeletedevelopment-povertydiscriminationdollardownloademailenvironmentexternal-linkfacebookfiltergenderglobegroupshealthC4067174-3DD9-4B9E-AD64-284FDAAE6338@1xinformation-outlineinformationinstagraminvestment-trade-globalisationissueslabourlanguagesShapeCombined Shapeline, chart, up, arrow, graphLinkedInlocationmap-pinminusnewsorganisationotheroverviewpluspreviewArtboard 185profilerefreshIconnewssearchsecurityPathStock downStock steadyStock uptagticktooltiptwitteruniversalityweb
Article

28 Jul 2003

Author:
Global Witness

De Villepin and France must deliver on oil transparency in Congo

Making heavily-indebted Congo’s management of oil revenues more transparent is the key to the country’s development, as the IMF and World Bank have recognised. France has a particular responsibility to help: former state oil company Elf’s secret system of kickbacks, influence-peddling and oil-backed loans, culminating in its support for both sides in Congo’s 1997 civil war, led the country down the path of indebtedness and unaccountable government.