Boom, Bust, or Prosperity? Managing Sub-Saharan Africa’s Natural Resource Wealth

By Charlotte J. Lundgren, Alun H. Thomas, Robert C York

August 27, 2013

Preview Citation

Format: Chicago

Charlotte J. Lundgren, Alun H. Thomas, and Robert C York. Boom, Bust, or Prosperity? Managing Sub-Saharan Africa’s Natural Resource Wealth, (USA: International Monetary Fund, 2013) accessed December 21, 2024

Also available in: français

Disclaimer: The views expressed herein are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.

Summary

Sizeable natural resource endowments and potentially large financial inflows from their extraction provide an unparalleled opportunity for economic growth and development in a growing number of sub-Saharan African countries. Empirical evidence suggests, however, that translating this resource wealth into stronger economic performance and a higher standard of living has proven challenging. Much has been written about the resource curse. This publication focuses on solutions to the challenges and outlines the main policy considerations and options in managing natural resource wealth, drawing on experience within and outside sub-Saharan Africa and referring closely to the latest analysis and policy advice in this area by the IMF, the World Bank, and leading academic research. A key feature of each chapter is a recommended reading list for those who wish additional, more in-depth material on these issues to further inform policymakers and other stakeholders on the theoretical and analytical underpinnings of the policy advice.

Subject: Environment, Expenditure, Fiscal policy, Fiscal stance, Natural resources, Public investment and public-private partnerships (PPP), Public investment spending

Keywords: Africa, Asia and Pacific, Current account, DP, DPPP, Exchange rate, Fiscal policy, Fiscal stance, Global, Natural resource, Natural resources, Public investment and public-private partnerships (PPP), Public investment spending, SSA country, Sub-Saharan Africa

Publication Details

Pages:

84
Volume:

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DOI:

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Issue:

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Series:

Departmental Paper No. 2013/003
Stock No:

MNRSSAEA
ISBN:

9781484369326
ISSN:

2616-5333

Notes

Full text also available in French, andPortuguese

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