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budget for the financial year 2021/22.
In order to fast-track oil and gas
extraction, government has embarked
on a number of projects such as the
construction of an oil pipeline as
mentioned earlier. The IMF also noted
that growth over the medium term
would be driven by investments in the
oil sector and the start of its production
in FY 2024/25. It highlighted further that
the country’s public debt sustainability
was hinged on oil exports and proper
management of oil revenues.
The reform conditionalities imposed on
government within these loan programs
which range from fiscal consolidation
to deregulation and privatization have
limited governments’ ability to drive out
inequality and leaves women as the most
negatively impacted.
Placing oil and gas extraction at the
centre of economic development gives
little consideration to the impacts of
these capitalist and extractivist projects
on the livelihoods of communities
residing in areas close to these projects.
Many of the communities inhabiting
the regions where these projects are
implemented have lost their agricultural
land to the state and multinational
corporations engaged in the extraction
. This has been accompanied by other
after-effects such as the pollution of
water sources in these areas among
others. What is worse is that women
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stand to be the most affected by
these outcomes given the gender
roles assigned to them as the primary
providers of food and other vital
resources such as water for domestic
use.
Furthermore, self-reporting and selfpolicing by private sector clients, has not
proved to protect people and their rights
and has further increased neglect of
environmental risks.
The East African Crude Oil Pipeline
(EACOP) that is intended to transport
crude oil from Uganda’s oil fields to
the Port of Tanga, Tanzania on the
Indian Ocean will need more than 5,300
hectares of land. An estimated 14,000
households across Uganda and Tanzania
have lost or will lose land as a result of
the pipeline; hundreds of families will
need to be resettled. Thousands more
will be affected by the associated oil
development projects. Women will be the
most negatively impacted, and yet they
currently own the smallest proportion of
all agricultural land and remain deprived
of their rights to land. An open letter
signed by 263 organizations from 49
countries called on banks to refuse to
finance the oil pipeline.
Between 2018 and 2019, multinational
oil company Total placed cut-off dates
for compensation on the properties of
over 5,000 households in Uganda whose
land is being acquired to establish the
Research on the Influence of International Financial Institutions
on Uganda’s COVID – 19 Recovery Agenda