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

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 perfor...

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Bibliographic Details
Main Author: Malothra, Harinder
Other Authors: Bartsch, Ulrich, Cuc, Milan, Katz, Menachem
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2004
Subjects:
Oil
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
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
Physical Description:73 pages
ISBN:9781589063174