Fiscal Policy Formulation and Implementation in Oil-Producing Countries

Countries with large oil resources can benefit substantially from them. However, despite their huge natural resources, many oil producers have had disappointing growth, widespread poverty, and continuing vulnerability to oil price and other external shocks. Fiscal policy can play a central role inde...

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Bibliographic Details
Main Author: Davis, Jeffrey
Other Authors: Fedelino, Annalisa, Ossowski, Rolando
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2003
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:Countries with large oil resources can benefit substantially from them. However, despite their huge natural resources, many oil producers have had disappointing growth, widespread poverty, and continuing vulnerability to oil price and other external shocks. Fiscal policy can play a central role indetermining the extent to which a country benefits from its oil wealth. This book brings together studies that provide analysis and findings on fiscal policy issues in oil-producing countries from a diverse international perspective. A key focus for the authors is how to manage oil resources in a way that contributes to a stable macroeconomic environment, sustainable growth, and poverty reduction
Physical Description:492 pages
ISBN:9781589061750