A New Fiscal Framework For Resource Rich Countries
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A New Fiscal Framework For Resource Rich Countries
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Author : Mr. Luc Eyraud
language : en
Publisher: International Monetary Fund
Release Date : 2023-11-03
A New Fiscal Framework For Resource Rich Countries written by Mr. Luc Eyraud and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-11-03 with Business & Economics categories.
This paper revisits the debate on the design of fiscal rules in resource-rich countries. Its main objective is to assess alternative systems of rules against their policy objectives, while taking into account country characteristics. One of the contributions of the paper is to propose fiscal frameworks that are centered around the principle of insurance against shocks and less reliant on estimating precisely resource wealth, which tends to be highly volatile.
Fiscal Frameworks For Resource Rich Developing Countries
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Author : Marcos Poplawski-Ribeiro
language : en
Publisher: International Monetary Fund
Release Date : 2012-05-16
Fiscal Frameworks For Resource Rich Developing Countries written by Marcos Poplawski-Ribeiro and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-05-16 with Business & Economics categories.
Staff Discussion Notes showcase the latest policy-related analysis and research being developed by individual IMF staff and are published to elicit comment and to further debate. These papers are generally brief and written in nontechnical language, and so are aimed at a broad audience interested in economic policy issues. This Web-only series replaced Staff Position Notes in January 2011.
The Oxford Handbook Of Sovereign Wealth Funds
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Author : Douglas Cumming
language : en
Publisher: Oxford University Press
Release Date : 2017
The Oxford Handbook Of Sovereign Wealth Funds written by Douglas Cumming and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017 with Business & Economics categories.
Sovereign Wealth Funds have become increasingly powerful and influential investors. Their increasing role, and unusual character as both political and market actors, raise a number of issues with regard to finance, politics, regulation, and international business. This handbook draws together the growing but fragmented research on SWFs.
Fiscal Management In Resource Rich Countries
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Author : Rolando Ossowski
language : en
Publisher: World Bank Publications
Release Date : 2016-06-28
Fiscal Management In Resource Rich Countries written by Rolando Ossowski and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-06-28 with Business & Economics categories.
The extractive industries (EI) sector occupies an outsize space in the economies of many developing countries. Policy makers, economists, and public finance professionals working in such countries are frequently confronted with issues that require an in-depth understanding of the sector, its economics, governance, and policy challenges, as well as the implications of natural resource wealth for fiscal and public financial management. The objective of the two-volume Essentials for Economists, Public Finance Professionals, and Policy Makers, published in the World Bank Studies series, is to provide a concise overview of the EI-related topics these professionals are likely to encounter. This second volume, Fiscal Management in Resource-Rich Countries, addresses critical fiscal challenges typically associated with large revenue flows from the EI sector. The volume discusses fiscal policy across four related dimensions: short-run stabilization, the management of fiscal risks and vulnerabilities, the promotion of long-term sustainability, and the importance of good public financial management and public investment management systems. The volume subsequently examines several institutional mechanisms used to aid fiscal management, including medium-term expenditure frameworks, resource funds, fiscal rules, and fiscal councils. The volume also discusses the earmarking of revenue, resource revenue projections as applied to the government budget, and fiscal transparency, and outlines several fiscal indicators used to assess the fiscal stance of resource-rich countries. The authors hope that economists, public finance professionals, and policy makers working in resource-rich countries—including decision makers in ministries of finance, international organizations, and other relevant entities—will find the volume useful to their understanding and analysis of fiscal management in resource-rich countries.
Fiscal Systems For Hydrocarbons
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Author : Silvana Tordo
language : en
Publisher: World Bank Publications
Release Date : 2007-01-01
Fiscal Systems For Hydrocarbons written by Silvana Tordo and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-01-01 with Technology & Engineering categories.
Although host governments and investors may share one common objective - the desire for projects to generate high levels off revenue - their other goals are not entirely aligned. Host governments aim to maximize rent for their country over time, while achieving other development and socioeconomic objectives. Investors aim to ensure that the return on investment is consistent with the risk associated with the project, and with their corporations' strategic objectives. To reconcile these often conflicting objectives, more and more countries rely on transparent institutional arrangements and flexible, nuetral fiscal regimes. This paper examines the key elements of the legal and fiscal frameworks utilized in the petroleum sector and aims to outline desirable features that should be considered in the design of fiscal policy with the objective of optimizing the host government's benefits, taking into account the effect this would have on the private sector's investment.
Rents To Riches
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Author : Naazneen Barma
language : en
Publisher: World Bank Publications
Release Date : 2012
Rents To Riches written by Naazneen Barma and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012 with Business & Economics categories.
Rents to Riches> focuses on the political economy of the detailed decisions that governments make at each step of the natural resource management (NRM) value chain. Many resource-dependent developing countries pursue seemingly shortsighted and suboptimal policies when extracting, taxing, and investing resource rents. The book contextualizes these micro-level outcomes with an emphasis on two central political economy dimensions: the degree to which governments can make credible intertemporal commitments to both resource developers and citizens, and the degree to which governments and inclined to turn resource rents into public goods. Almost 1.5 billion people live in the more than 50 World Bank client countries classified as resource-dependent. A detailed understanding of the way political economy characteristics affect the NRM decisions made in these countries by governments, extractive developers, and society can improve the design of interventions to support welfare-enhancing policy making and governance in the natural resource sectors. Featuring case study work from Africa (Angola, the Democratic Republic of Congo, Ghana, Niger, Nigeria), East Asia and Pacific (the Lao People's Democratic Republic, Mongolia, Timor-Leste), and Latin America and the Caribbean (Bolivia, Chile, Ecuador, Mexico, Trinidad an dTobago_, the book provides guidance for government clients, domestic stakeholders, and development partners committed to transforming natural resource into sustainable development riches.
Fiscal Frameworks For Resource Rich Developing Countries
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Author : Marcos Poplawski-Ribeiro
language : en
Publisher: International Monetary Fund
Release Date : 2012-05-16
Fiscal Frameworks For Resource Rich Developing Countries written by Marcos Poplawski-Ribeiro and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-05-16 with Business & Economics categories.
Staff Discussion Notes showcase the latest policy-related analysis and research being developed by individual IMF staff and are published to elicit comment and to further debate. These papers are generally brief and written in nontechnical language, and so are aimed at a broad audience interested in economic policy issues. This Web-only series replaced Staff Position Notes in January 2011.
Senegal
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Author : International Monetary
language : en
Publisher: International Monetary Fund
Release Date : 2023-07-07
Senegal written by International Monetary and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-07-07 with Business & Economics categories.
A cascade of external and domestic shocks –including the COVID-19 pandemic, rising global commodity prices and global economic slowdown linked to the Russian invasion of Ukraine, Ecowas sanctions against Mali, the US dollar appreciation, domestic spending pressures, and tightened global and regional financing conditions–have dampened economic activity in 2022, widened external and fiscal deficits, increased debt levels, and eroded regional international reserves. The challenging external environment, together with likely delays in the start of hydrocarbon production, will continue to weigh on economic activity in 2023. In the medium term, economic prospects remain favorable, with the temporary boost of oil and gas production, but ambitious reforms are needed to reduce macroeconomic imbalances, put debt on a downward trajectory, and make growth more inclusive. The impact of climate change in Senegal is projected to be severe and reforms to adapt to climate change while contributing to lower greenhouse emission rank high on the Senegalese authorities’ agenda.
Botswana
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Author : International Monetary Fund. African Dept.
language : en
Publisher: International Monetary Fund
Release Date : 2024-09-10
Botswana written by International Monetary Fund. African Dept. and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-09-10 with categories.
Botswana is experiencing a significant slowdown from a diamond market contraction in 2023–24. Inflation has declined sharply since the peak of mid-2022 and returned to the central bank’s objective range, where it is expected to remain in the medium term. The authorities plan a fiscal expansion in FY2024 followed by two years of substantial adjustment to reach a fiscal surplus by FY2026. The external position should soften over the medium term, with FX reserves decreasing to 5 months of imports. The financial sector remains sound and stable despite the economic downturn.
Resilience And Growth In The Small States Of The Pacific
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Author : Hoe Ee Khor
language : en
Publisher: International Monetary Fund
Release Date : 2016-08-10
Resilience And Growth In The Small States Of The Pacific written by Hoe Ee Khor and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-08-10 with Business & Economics categories.
Pacific island countries face unique challenges to realizing their growth potential and raising living standards. This book discusses ongoing challenges facing Pacific island countries and policy options to address them. Regional cooperation and solutions tailored to their unique challenges, as well as further integration with the Asia and Pacific region will each play a role. With concerted efforts, Pacific island countries can boost potential growth, increase resilience, and improve the welfare of their citizens.