Discordia / Cromwell unlikely to secure WB/IFC Block 77 Development Loan

Discordia / Cromwell unlikely to secure WB/IFC Block 77 Development Loan

At present, the Discordian government are unlikely to secure a WB/IFC Block 77 Development Loan, and enable Cromwell Oil to secure the contract, unless the government meets the following commitments:

1. Improvement in governance and civil service structures and upgrading of the integrity and competence.
2. Transparent and externally auditable reporting of all public revenues.
3. Agreement at government level of division of revenues between National, State, and Local Governments - especially for oil producing areas.
4. Clear commitments as to what percentages of the oil revenues would be spend on education, health, and stimulation of industry and agriculture.
5. Mechanism for coping with variations in oil price.

In addition, without meeting these commitments, it seems unlikely that Cromwell Oil will be able to fund the Block 77 project. On the contrary, Nosferatu Oil seems better positioned to fund the Block 77 project independently. To that end, more attention needs to be paid to the potential strength of Nosferatu's ability to secure arms for the Discordian Government to combat the ARF.