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Managing Oil Wealth in Africa

October 2, 2012

A fishing boat near the Limbe oil rig, Cameroon. Countries in Central Africa still face big economic challenges despite their oil wealth (Photo: Johansson/Corbis)

Despite their oil wealth, the countries of the Central African Economic and Monetary Community still struggle with the “Resource Curse”. Sharmini Coorey, Director of the IMF’s Institute for Capacity Development, describes the challenges of managing oil wealth in the region and outlines policies to help overcome them.

Sharmini Coorey, IMF, Institute for Capacity Development