Wednesday, October 30, 2013

Uganda risks 'resource curse' unless it tackles graft

Reuters: Uganda risks falling victim to a "resource curse" when it launches commercial oil production because its government lacks the political will to fight corruption, Human Rights Watch said on Monday. A growing abundance of mineral wealth has often led to more unstable government and falling living standards in countries that lacked the strong state institutions and rule of law to stop a small elite grabbing that wealth for themselves. With Uganda aiming to sell its oil by 2016 at the earliest, critics of President Yoweri Museveni say he has created a culture of impunity for cronies who steal public money...

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