Reforming Fuel Subsidies (RFS)
Deadline passed
Session No.: CE 19.14
Location: Kuwait City, Kuwait
Date: April 28, 2019 - May 2, 2019 (1 week)
Primary Language: English
Interpretation Language: Arabic
Target Audience
Qualifications
Course Description
This course, presented by the IMF Fiscal Affairs Department, explores recent developments in subsidy spending on fuel products, their macroeconomic impact, and the environmental and social implications. Building on country-specific case studies, the course elaborates on key elements of successful reforms, such as measures to protect low-income groups adversely affected by lower subsidies. The course also disseminates tools for measuring subsidies and assessing the distributional impact and alternative fuel pricing mechanisms that can help smooth the transmission of international fuel prices to domestic prices while protecting the budget. Participants may be asked to make presentations on their own country's experience in setting fuel prices and reforming subsidies.
Course Objectives
- Explain the different rationales for energy subsidies and how subsidies are measured.
- Describe the drawbacks of energy subsidies.
- Identify possible barriers to reform of fuel subsidies.
- Design an effective reform strategy drawing on lessons from the experiences of other countries.
- Use tailored tools to measure fuel subsidies and estimate the impact of a fuel subsidy reform on household welfare in order to inform the design of mitigating measures and guide the choice of alternative fuel pricing mechanisms.
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