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

By Harinder K Malothra, Milan M Cuc, Ulrich Bartsch, Menachem Katz

January 23, 2004

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Harinder K Malothra, Milan M Cuc, Ulrich Bartsch, and Menachem Katz. Lifting the Oil Curse: Improving Petroleum Revenue Management in Sub-Saharan Africa, (USA: International Monetary Fund, 2004) accessed December 26, 2024

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.

Subject: Commodities, Economic sectors, Exchange rate arrangements, Foreign exchange, Oil, Oil prices, Oil sector, Oil, gas and mining taxes, Prices, Taxes

Keywords: Africa, Country, Exchange rate arrangements, Gas and mining taxes, Global, Government, Government oil revenue, ISI, Oil, Oil prices, Oil revenue, Oil sector, Oil sector oversight, Oil-producing country, Revenue, SI, Southern Africa, SSA oil-exporting country, Sub-Saharan Africa, West Africa

Publication Details

Pages:

73
Volume:

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DOI:

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Issue:

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IMF Special Issues
Stock No:

ISIEA0032004
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