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
Niger River Fund. The World Bank approved a US$500 million soft loan in July 2007 to finance projects in the basin over a 12-year period. Funding will be awarded in two phases. The initial $185 million credit will go to Nigeria, Guinea, Benin, Mali and Niger. The second, $315 million investment, is slated for Burkina Faso, Cameroon, Chad and Ivory Coast. Besides financing the rehabilitation of dams in Nigeria, the loan will also fund the "sustainable management of selected degraded ecosystems and rehabilitation of small water infrastructure" and capacity building. In September 2009, the Nigerian government commenced a 36 billion naira dredging