Lifting the Oil Curse: Improving Petroleum Revenue Management in Sub-Saharan Africa
Author： Mr. Harinder Malothra Mr. Milan Cuc Mr. Ulrich Bartsch Mr. Menachem Katz
Publisher： INTERNATIONAL MONETARY FUND
Publication year： 2004
E-ISBN: 9781451979367
P-ISBN(Paperback): 9781589063174
Subject： F0 Economics;F7 Trade Economy
Language： ENG
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Description
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.