Policy Papers

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, according to a new policy paper from the International Monetary Fund. 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. <br /><br /> IMF policy advice and technical assistance in the field has massively expanded in recent years – driven by demand from member countries and supported by increased donor finance. The paper sets out the analytical framework underpinning, and key elements of, the country-specific advice given. <br /><br /> Also available in Arabic:<a href="/external/arabic/np/pp/2012/081512a.pdf"> النظم المالية العامة للصناعات الاستخراجية: التصميم والتطبيق</a> <br /><br /> Also available in French: <a href="/external/french/np/pp/2012/081512f.pdf">Régimes fiscaux des industries extractives: conception et application</a> <br /><br /> Also available in Spanish: <a href="/external/spanish/np/pp/2012/081512s.pdf">Regímenes fiscales de las industrias extractivas: Diseño y aplicación </a>