Foreign relations of Cameroon enjoys good relations with the United States and other developed countries. Cameroon enjoys generally good relations with its African neighbors. It supports UN peacekeeping activities in Central Africa. Delimitation of international boundaries in the vicinity of Lake Chad, the lack of which led to border incidents in the past, is complete and awaits ratification by Cameroon, Chad, Niger, and Nigeria; dispute with Nigeria over land and maritime boundaries around the Bakasi Peninsula and Lake Chad is currently before the International Court of Justice (ICJ), as is a dispute with Equatorial Guinea over the exclusive maritime economic zone. As of 10
Chad–Cameroon Petroleum Development and Pipeline Project no term limits. A climate of intense corruption has created an unequal distribution of wealth and poor conditions for domestic and international investments. The portion of the pipeline owned by Cameroon is managed by the Cameroon Oil Transportation Company (COTCO). This company is incorporated in Cameroon, and is a joint venture between the governments of Cameroon and Chad, and the Upstream Consortium, an independent monitoring institution. The World Bank's support was very important for the Consortium of oil companies, as they believed they needed the support of the Bank in order for the project to succeed. While the project's private