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12/13/2005:

"Chad Backs Out of Pledge to Use Oil Wealth to Reduce Poverty"

...In exchange for World Bank loans to build a 670-mile underground pipeline through Cameroon to export its oil, the Chadian government passed a law requiring that almost all of the money it earns on oil exports be spent for poverty reduction and that 10 percent be put aside as a "future generations fund," to leave something behind once the estimated one billion barrels of oil have been exhausted.

But in October, Chad's government abruptly announced at a meeting with the World Bank in N'Djamena, the capital, that it plans to alter that law and funnel more money into its general budget and increase spending on security.

"In the World Bank's view, these modifications alone will fail to provide a lasting solution to the recurring financial problems that Chad faces," the statement said. "To the contrary, they threaten to undermine the objectives of socioeconomic development, poverty reduction, accountability and transparency that guided World Bank Group and other international support for the Chad-Cameroon pipeline project."
nytimes.com

It's an open secret that Wolfowitz is a disciple of Chavez...