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This paper aims at providing a guide to ensure efficiency in the management of Chad's windfall to support the development process and poverty reduction. The analysis is based on the lessons and experience of countries that have successfully used natural-resource-generated windfalls to launch...
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Recent literature shows that oil revenues may have a positive effect on long-run economic growth. However, there is no clear evidence for such an effect in the medium-run, suggesting the existence of a so-called resource-curse in the medium-run. Taking this as a starting point, we investigate...
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In 2009, commercially exploitable reserves of oil were found in the Albertine Lakes Basin in Uganda. Along with a … number of new oil exporters, Uganda now faces the challenge of using the new resources to advance its development agenda … Uganda’s already deteriorating governance and mounting corruption raise questions about its capacity to wisely invest the oil …
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