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Difficulty: MediumLiteral Comprehension and Fact Retrieval

Read the passage below carefully:

The Lake Chad Basin Commission (LCBC) was established on May 22, 1964, by four founding member countries: Cameroon, Chad, Niger, and Nigeria. Central African Republic joined the commission in 1994, followed by Libya in 2008. Headquartered in N'Djamena, Chad, the commission was created to regulate and control the use of water and other natural resources in the basin, as well as to coordinate sustainable development projects. The LCBC is financed through annual contributions from its member states, calculated according to an agreed percentage quota based on each country's economic capacity rather than equal shares.

Based on the passage, evaluate whether the following statement is True or False:
Member states finance the Lake Chad Basin Commission through equal annual financial contributions.

Answer: Answer

Answer

The statement is False. According to the text, annual financial contributions from member states are calculated based on an agreed percentage quota matching each country's economic capacity, explicitly contradicting the claim of equal shares.
The passage explicitly states that funding contributions are calculated based on an agreed percentage quota linked to each member state's economic capacity, explicitly noting that they are not equal shares.

Step-by-Step Solution

1
Locate the specific statement in the text regarding how the Lake Chad Basin Commission is funded.
Found the explicit detail: 'The LCBC is financed through annual contributions from its member states, calculated according to an agreed percentage quota based on each country's economic capacity rather than equal shares.'
Literal comprehension requires retrieving directly stated facts without extrapolation.
2
Compare the text detail with the provided statement.
The statement claims member states pay 'equal annual financial contributions', whereas the text states contributions are 'based on each country's economic capacity rather than equal shares'.
Direct factual comparison determines whether the statement is factually accurate according to the passage.

Key Concept

Literal Comprehension and Fact Retrieval
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Topics

Literal Comprehension and Fact Retrieval

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