Fiscal Regimes for Extractive Industries—Design and Implementation

Policy Papers, August 16, 2012

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Better designed and implemented fiscal regimes for oil, gas, and mining can make a substantial contribution to the revenue needs of many developing countries while ensuring an attractive return for investors.
Revenues from extractive industries (EIs) have major macroeconomic implications.
The EIs account for over half of government revenues in many petroleum-rich countries, and for over 20 percent in mining countries.
About one-third of IMF member countries find (or could find) resource revenues “macro-critical” – especially with large numbers of recent new discoveries and planned oil, gas, and mining developments.
The paper sets out the analytical framework underpinning, and key elements of, the country-specific advice given.

IMF policy advice and technical assistance in the field has massively expanded in recent years.
Expansion has been driven by demand from member countries and supported by increased donor finance.
The policy paper provides the analytical framework used to inform country-specific fiscal regime design and implementation for extractive industries.

Publication date: August 16, 2012
EIs account for over half of government revenues in many petroleum-rich countries
EIs account for over 20 percent of government revenues in mining countries
About one-third of IMF member countries find (or could find) resource revenues “macro-critical”

Source: Fiscal Regimes for Extractive Industries—Design and Implementation (policy paper), IMF.

1. EI Revenue Potential: Selected African Countries
- 1. EI Revenue Potential: Selected African Countries (Markdown version)
- 1. EI Revenue Potential: Selected African Countries (PDF)