Before the development of oil industry, cotton dominated industry and the labour market accounted for approximately 80% of export earnings. Cotton remains a primary export, although exact figures are not available. Rehabilitation of Cotontchad, a major cotton company weakened by a decline in world cotton prices, has been financed by France, the Netherlands, the European Union, and the International Bank for Reconstruction and Development (IBRD). The parastatal is now expected to be privatised. Other than cotton, cattle and gum arabic are dominant.