Lifting the Oil Curse: Improving Petroleum Revenue Management in Sub-Saharan Africa
Electronic Access:
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
Subject:
Commodities Economic sectors Exchange rate arrangements Foreign exchange Oil Oil prices Oil sector Oil, gas and mining taxes Prices Taxes
English
Publication Date:
January 23, 2004
ISBN/ISSN:
9781589063174
Stock No:
ISIEA0032004
Pages:
73
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