Following reports in the New Vision that the Government of Uganda is seeking a $115m World Bank loan for its Oil Region Development Project, Global Witness is calling for greater transparency in the murky oil sector before the World Bank approves any future funding. “The World Bank should not hand over more money to the Government of Uganda without concrete guarantees that it will manage its oil and mining sectors, and the revenues they generate, with complete transparency,” said George Boden...Oil has the potential to help lift millions out of poverty but, if managed badly, also risks entrenching corruption and poor governance in Uganda, as it has in other resource rich countries. “Transparency is absolutely key to ensuring that ordinary people benefit from their country’s oil wealth. Unfortunately Uganda’s oil sector has so far been shrouded in secrecy. Oil deals have been done behind closed doors, oil contracts have not been made public and it is not currently possible to see whether payments from oil companies end up in the budget or not,” said Boden.