Uganda Prioritizes Oil Revenues Fund

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Uganda is shaping its next phase of oil development around long-term investment of petroleum revenues through the Petroleum Fund rather than direct distribution. The framework channels all oil income into the fund, managed by the Bank of Uganda, to finance productive infrastructure and development projects. This approach contrasts with proposals to revise production sharing agreements and increase royalties to producing districts, which policymakers argue could weaken sustainability and long-term economic impact.