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Lifting the Oil Curse: Improving Petroleum Revenue Management in Sub-Saharan Africa

Author/Editor: Katz, Menachem | Bartsch, Ulrich | Malothra, Harinder | Cuc, Milan
Published: January 23, 2004
Electronic Access: Link to Abstract

Summary: 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.
 
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Subject(s): Oil prices | Oil revenues | Oil sector | Sub-Saharan Africa
 
English  
    Published:   January 23, 2004        
    ISBN/ISSN:   978-1-58906-317-4   Format:   Paper
    Stock No:   ISIEA0032004   Pages:   73
    Price:   US$20.00
       
     
Please address any questions about this title to publications@imf.org.