Foro Global sobre Seguridad Alimentaria y Nutrición (Foro FSN)

The recent discoveries of oil and gas deposits in Uganda present new opportunities through access to energy and increased oil revenues that can be used to chart a sustainable growth path that does not only create economic growth but also results in economic development whereby growth is fairly well distributed to facilitate poverty reduction. However, these discoveries come in the midst of serious concerns and controversies that have characterized the empirical relationship between oil rents and development, particularly in the oil exporting African countries. The disappointing development performance of many resource rich economies has been a topical issue among policy makers, NGOs, civil society and academicians. Many countries have failed to leverage their natural resource wealth into strong states. For some of these countries, oil, gas, and mineral wealth have become associated with high poverty rates, weak state institutions, corruption, and conflict [...]