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

By Harinder K Malothra, Milan M Cuc, Ulrich Bartsch, Menachem Katz

January 23, 2004

Preview Citation

Format: Chicago

Harinder K Malothra, Milan M Cuc, Ulrich Bartsch, and Menachem Katz. Lifting the Oil Curse: Improving Petroleum Revenue Management in Sub-Saharan Africa, (USA: International Monetary Fund, 2004) accessed September 18, 2024

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.

Subject: Commodities, Economic sectors, Exchange rate arrangements, Foreign exchange, Oil, Oil prices, Oil sector, Oil, gas and mining taxes, Prices, Taxes

Keywords: Africa, Country, Exchange rate arrangements, Gas and mining taxes, Global, Government, Government oil revenue, ISI, Oil, Oil prices, Oil revenue, Oil sector, Oil sector oversight, Oil-producing country, Revenue, SI, Southern Africa, SSA oil-exporting country, Sub-Saharan Africa, West Africa

Publication Details

Pages:

73
Volume:

---
DOI:

---
Issue:

---
Series:

IMF Special Issues
Stock No:

ISIEA0032004
ISBN:

---
ISSN:

---

Supplemental Resources

Link to Abstract
WEB

FACTSHEETS

RESOURCES

TOPICS

Flagship Publications

Other Publications

IMF reports and publications by country

Regional Offices

All News

See Also

For Journalists

Press Center

RESOURCES

FLAGSHIPS

KEY SERIES

IMF NOTES

IMF Special Issues