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Uganda - Country economic memorandum : economic diversification and growth in the era of oil and volatility (Vol. 2) : Summary (English)

The objective of the Ugandan government is to make Uganda an upper - middle income country within thirty years. Economic diversification is a key component of that strategy. The country economic memorandum (CEM) report discusses how the emergence of oil and mineral production can contribute to Uganda’s effort to promote economic diversification as a means to achieve sustainable and shared growth. Based on the lessons from international experience, the report outlines the elements of a development and diversification strategy, which the Ugandan government may wish to consider in the design of its macroeconomic, fiscal, and sectoral development policies. It then focuses on the set of policies required to maximize the benefits of a diversification strategy in an oil-producing country. Finally it describes a series of actions which the government should plan, and carry out to deal with a number of specific implementation issues. The first part of the report focuses on the importance of economic diversification for Uganda and on the prospects and challenges of oil and mineral development. It addresses the following three issues: (a) why diversification is important for economic development?; (b) where Uganda stands in that area and why it should give a new impetus to its diversification strategy?; and (c) what are the prospects, possible impact, and challenges associated to oil and mining development for Uganda’s economy?


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    Technical and Administrative Support Unit;oil;finance and markets;small-scale gold mining;access to information act;trade and competitiveness;oil revenue;decline in poverty rate;small and medium size enterprise;maquette for mdg simulations;fluctuations in exchange rates;economic and sector work;per capita income growth;resource rich countries;Public Investment Management System;oil and gas industry;international price of oil;Oil & Gas;oil production;public investment program;education and health;international oil price;dutch disease;macroeconomic and fiscal;gdp growth rate;standard of living;Poverty & Inequality;human capital;distribution of revenue;public investment planning;law and regulation;natural resource rent;social protection scheme;public spending policy;national development objective;social protection program;allocation of oil;reduction in poverty;oil price volatility;domestic private sector;net present value;international oil company;Access to Electricity;barrel of oil;production and export;annual oil revenue;quality of investment;large scale production;regional free trade;Private Sector Growth;international poverty line;trade and services;international experiences show;constraints to growth;structure of employment;Public Finance Management;Natural Resource Wealth;senior government official;sovereign wealth fund;foreign direct investment;water and environment;welfare of children;rare earth elements;conditional cash transfer;educated labor force;public sector environment;portfolio of investment;demand for food;exploration of oil;domestic economic activity;social and environmental;



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Uganda - Country economic memorandum : economic diversification and growth in the era of oil and volatility (Vol. 2) : Summary (English). Washington, D.C. : World Bank Group.