Oil Wealth In Central Africa
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| Author | : Mr.Bernardin Akitoby |
| Publisher | : International Monetary Fund |
| Total Pages | : 249 |
| Release | : 2012-08-16 |
| Genre | : Business & Economics |
| ISBN | : 1475549121 |
Despite its vast oil wealth, central Africa still struggles to sustain strong, inclusive economic growth and to generate sufficient employment opportunities, particularly for its fast-growing youth population. Drawing on new research, Oil Wealth in Central Africa lays out the macroeconomic and growth challenges facing the region; examines oil wealth management and its implications for poverty reduction; and includes four case studies that exemplify lessons learned.
| Author | : Arnim Langer |
| Publisher | : Leuven University Press |
| Total Pages | : 396 |
| Release | : 2020-01-07 |
| Genre | : Social Science |
| ISBN | : 9462702004 |
Multidisciplinary perspectives to governance of oil in African countries Large quantities of oil were discovered in the Albertine Rift Valley in Western Uganda in 2006. The sound management of these oil resources and revenues is undoubtedly one of the key public policy challenges for Uganda as it is for other African countries with large oil and/or gas endowments. With oil expected to start flowing in 2021, the current book analyses how this East African country is preparing for the challenge of effectively, efficiently, and transparently managing its oil sector and resources. Adopting a multidisciplinary, comprehensive, and comparative approach, the book identifies a broad scope of issues that need to be addressed in order for Uganda to realise the full potential of its oil wealth for national economic transformation. Predominantly grounded in local scholarship and including chapters drawing on the experiences of Nigeria, Ghana, and Kenya, the book blazes a trail on governance of African oil in an era of emerging producers. Oil Wealth and Development in Uganda and Beyond will be of great interest to social scientists and economic and social policy makers in oil-producing countries. It is suitable for course adoption across such disciplines as International/Global Affairs, Political Economy, Geography, Environmental Studies, Economics, Energy Studies, Development, Politics, Peace, Security and African Studies. Contributors: Badru Bukenya (Makerere University), Moses Isabirye (Busitema University), Wilson Bahati Kazi (Uganda Revenue Authority), Corti Paul Lakuma (Economic Policy Research Centre), Joseph Mawejje (Economic Policy Research Centre), Pamela Mbabazi (Uganda National Planning Authority), Martin Muhangi (independent researcher), Roberts Muriisa (Mbarara University of Science and Technology), Chris Byaruhanga Musiime (independent researcher), Germano Mwabu (University of Nairobi), Jackson A. Mwakali (Makerere University), Tom Owang (Mbarara University of Science and Technology), Joseph Oloka-Onyango (Makerere University), Peter Quartey (University of Ghana), Peter Wandera (Transparency International Uganda), Kathleen Brophy (Transparency International Uganda), Jaqueline Nakaiza (independent researcher), Babra Beyeza (independent researcher), Jackson Byaruhanga (Bank of Uganda), Emmanuel Abbey (University of Ghana).
| Author | : Todd Moss |
| Publisher | : CGD Books |
| Total Pages | : 190 |
| Release | : 2015-06-10 |
| Genre | : Business & Economics |
| ISBN | : 1933286695 |
Oil to Cash explores one option to help countries with new oil revenue avoid the so-called resource curse: just give the money directly to citizens. A universal, transparent, and regular cash transfer would not only provide a concrete benefit to regular people, but would also create powerful incentives for citizens to hold their government accountable. Oil to Cash details how and where this idea could work and how policymakers can learn from the experiences with cash transfers in places like Mexico, Mongolia, and Alaska.
| Author | : International Monetary Fund. African Dept. |
| Publisher | : International Monetary Fund |
| Total Pages | : 68 |
| Release | : 2014-08-26 |
| Genre | : Business & Economics |
| ISBN | : 1498315682 |
Regional growth weakened in 2013 due to a fall in oil production in most countries. GDP growth is expected to pick-up in 2014 due to the recovery of oil production and the continuation of the implementation of public investment plans in most of CEMAC countries. Despite large spending of oil wealth during the last years, poverty, income inequality and unemployment remain high. The business climate is one of the most challenging in Africa. The region’s most pressing challenge is to implement structural reforms to promote sustainable and inclusive growth while adopting macro policies to preserve financial stability, ensure an efficient use of oil revenues and increase resilience to shocks.
| Author | : International Monetary Fund |
| Publisher | : International Monetary Fund |
| Total Pages | : 81 |
| Release | : 2012-08-14 |
| Genre | : Business & Economics |
| ISBN | : 1475504845 |
This paper discusses the common policies adopted by the members of the Central African Economic and Monetary Community (CEMAC). The macroeconomic performance was good in 2011 with improved fiscal balances, public investment programs, and higher reserves. However, CEMAC is facing challenges from deep-seated structural problems, including uncoordinated fiscal policy, financial sector weaknesses, and obstacles to growth and competitiveness. The Executive Board recommends monetary policies for financial stability and suggest making monetary policies an efficient tool of macroeconomic management. Also, the Board recommends strengthening of governance of CEMAC’s common institutions.
| Author | : Michael L. Ross |
| Publisher | : Princeton University Press |
| Total Pages | : 314 |
| Release | : 2013-09-08 |
| Genre | : Political Science |
| ISBN | : 0691159637 |
Explaining—and solving—the oil curse in the developing world Countries that are rich in petroleum have less democracy, less economic stability, and more frequent civil wars than countries without oil. What explains this oil curse? And can it be fixed? In this groundbreaking analysis, Michael L. Ross looks at how developing nations are shaped by their mineral wealth—and how they can turn oil from a curse into a blessing. Ross traces the oil curse to the upheaval of the 1970s, when oil prices soared and governments across the developing world seized control of their countries' oil industries. Before nationalization, the oil-rich countries looked much like the rest of the world; today, they are 50 percent more likely to be ruled by autocrats—and twice as likely to descend into civil war—than countries without oil. The Oil Curse shows why oil wealth typically creates less economic growth than it should; why it produces jobs for men but not women; and why it creates more problems in poor states than in rich ones. It also warns that the global thirst for petroleum is causing companies to drill in increasingly poor nations, which could further spread the oil curse. This landmark book explains why good geology often leads to bad governance, and how this can be changed.
| Author | : Jörgen Runge |
| Publisher | : CRC Press |
| Total Pages | : 292 |
| Release | : 2011-06-23 |
| Genre | : Science |
| ISBN | : 0203093291 |
This book looks at the distribution, occurrences, potential and prospects for good governance, transparency and sustainable development of geological resources in Sub-Saharan Africa. By bringing together numerous different point of views, it is carried out in a holistic, interdisciplinary and scientific way.The states of Sub-Saharan Africa are amon
| Author | : Gilad James, PhD |
| Publisher | : Gilad James Mystery School |
| Total Pages | : 70 |
| Release | : |
| Genre | : History |
| ISBN | : 9445339568 |
The Central African Republic (CAR) is a landlocked country in the heart of Africa. Its population of around 5 million inhabitants is one of the poorest in the world, despite the presence of valuable mineral resources such as diamonds, gold and uranium. CAR has a diverse ethnic makeup, with over 80 ethnic groups, each with its own language and traditions. One of the countryâs largest ethnic groups is the Bayaka, who are traditionally hunter-gatherers, while the Bantu peoples are the largest group in terms of population. CAR has experienced significant political instability since its independence from France in 1960. The country has been plagued by coups, rebellions, and armed conflicts, which have severely impacted the countryâs economic and social development. The two most recent crises took place in 2013 and 2020, with the former leading to a period of sectarian violence and displacement, and the latter leading to the overthrow of the incumbent president, Faustin-Archange Touadéra, by a coalition of rebel groups. Despite the countryâs challenges, efforts are underway to stabilize the political situation and to address the humanitarian needs of the population.
| Author | : Celeste Hicks |
| Publisher | : Zed Books Ltd. |
| Total Pages | : 227 |
| Release | : 2015-04-09 |
| Genre | : Political Science |
| ISBN | : 1783601159 |
The development of Africa’s oil has greatly accelerated in recent years, with some countries looking at the prospect of almost unimaginable flows of money into their national budgets. But the story of African oil has usually been associated with conflict, corruption and disaster, with older producers such as Nigeria having little to show for the many billions of dollars they’ve earned. In this eye-opening book, former BBC correspondent Celeste Hicks questions the inevitability of the so-called resource curse, revealing what the discovery of oil means for ordinary Africans, and how China’s involvement could mean a profound change in Africa’s relationship with the West. A much-needed account of an issue that will likely transform the fortunes of a number of African countries – for better or for worse.
| Author | : Ms.Anne Marie Gulde |
| Publisher | : International Monetary Fund |
| Total Pages | : 411 |
| Release | : 2008-04-02 |
| Genre | : Business & Economics |
| ISBN | : 1589066758 |
About one-third of countries covered by the IMF's African Department are members of the CFA franc zone. With most other countries moving away from fixed exchange rates, the issue of an adequate policy framework to ensure the sustainability of the CFA franc zone is clearly of interest to policymakers and academics. However, little academic research exists in the public domain. This book aims to fill this void by bringing together work undertaken in the context of intensified regional surveillance and highlighting the current challenges and the main policy requirements if the arrangements are to be carried forward. The book is based on empirical research by a broad group of IMF economists, with contributions from several outside experts.
