Chad 24°E. Chad is bounded to the north by Libya, to the east by Sudan, to the west by Niger, Nigeria and Cameroon, and to the south by the Central African Republic. The country's capital is from the nearest seaport, Douala, Cameroon. Because of this distance from the sea and the country's largely desert climate, Chad is sometimes referred to as the "Dead Heart of Africa". The dominant physical structure is a wide basin bounded to the north and east by the Ennedi Plateau and Tibesti Mountains, which include Emi Koussi, a dormant volcano that reaches above sea level. Lake Chad,
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