The International Finance Corporation (IFC) today launched two new Lessons of Experience publications on "The BTC Pipeline Project” and “External Monitoring of the Chad-Cameroon Pipeline Project.” The publications provide key environmental and social lessons and good practices for the benefit of staff, clients, and the wider private sector. The Baku-Tbilisi-Ceyhan (BTC) Pipeline Project [led by BP]...faced a wide variety of complex and often difficult environmental and social challenges. Financing was agreed in February 2004 after more than two years of appraisal of the potential environmental and social impacts...In the "BTC Pipeline Project: Lessons of Experience," IFC environmental and social staff look back on an extremely challenging process and endeavor to extract some of the key operational lessons and good practices...this publication focuses on six thematic areas where environmental and social lessons learned were thought to be most valuable and applicable to other IFC-financed projects...The Chad-Cameroon pipeline project is a US$3.5 billion development of an oil field in Chad by a consortium headed by ExxonMobil, and a 1,070 km long pipeline extending through Chad and Cameroon to the Atlantic coast...“External Monitoring of the Chad-Cameroon Pipeline Project: Lessons of Experience" provides lenders and project sponsors with an understanding of the business case for employing an external monitor...and key issues for designing, implementing, and operating an external monitoring mechanism for complex projects.