Review of the Experience with Oil Stabilization and Savings Funds in Selected Countries

Author/Editor:

Ugo Fasano-Filho

Publication Date:

June 1, 2000

Electronic Access:

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Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary:

The main purposes of this paper are to review the operational modalities and experience of oil funds currently in place in Norway, Chile (copper), the State of Alaska, Venezuela, Kuwait, and Oman, and to draw some preliminary conclusions on their contribution to enhance fiscal management. The outcome so far of their experience has been mixed, with differences among countries reflecting the variety of objectives attached to the funds, the challenges in adhering to established rules, the institutional set-up. and the soundness of the overall fiscal discipline in each country (or state).

Series:

Working Paper No. 00/112

Subject:

English

Publication Date:

June 1, 2000

ISBN/ISSN:

9781451853599/1018-5941

Stock No:

WPIEA1122000

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

20

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