Lifting the Oil Curse: Improving Petroleum Revenue Management in Sub-Saharan Africa
Business & Finance, Economics, International Economics, Macroeconomics
| Author: | Harinder Mr. Malothra, Milan Mr. Cuc, Ulrich Mr. Bartsch, Menachem Mr. Katz | ISBN: | 9781452793733 |
| Publisher: | INTERNATIONAL MONETARY FUND | Publication: | January 23, 2004 |
| Imprint: | INTERNATIONAL MONETARY FUND | Language: | English |
| Author: | Harinder Mr. Malothra, Milan Mr. Cuc, Ulrich Mr. Bartsch, Menachem Mr. Katz |
| ISBN: | 9781452793733 |
| Publisher: | INTERNATIONAL MONETARY FUND |
| Publication: | January 23, 2004 |
| Imprint: | INTERNATIONAL MONETARY FUND |
| Language: | English |
How can a country turn oil revenues into a blessing rather than a curse? With growing international interest in new offshore oil deposits in sub-Saharan Africa, there is also greater scrutiny of the reasons why many oil-producing countries in the region have experienced disappointing economic performance over the past 20 to 30 years. This paper discusses the latest thinking on best-practice institutions and policies, compares this thinking with current practice in African oil-exporting countries, and presents a plan for the future, taking into account African policymakers’concerns.
How can a country turn oil revenues into a blessing rather than a curse? With growing international interest in new offshore oil deposits in sub-Saharan Africa, there is also greater scrutiny of the reasons why many oil-producing countries in the region have experienced disappointing economic performance over the past 20 to 30 years. This paper discusses the latest thinking on best-practice institutions and policies, compares this thinking with current practice in African oil-exporting countries, and presents a plan for the future, taking into account African policymakers’concerns.
