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

Author/Editor:

Harinder K Malothra ; Milan M Cuc ; Ulrich Bartsch ; Menachem Katz

Publication Date:

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.

Series:

IMF Special Issues

English

Publication Date:

January 23, 2004

ISBN/ISSN:

9781589063174/

Stock No:

ISIEA0032004

Format:

Paper

Pages:

73

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