Fiscal Management In Resource Rich Countries


Fiscal Management In Resource Rich Countries
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Fiscal Management In Resource Rich Countries


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.



Macroeconomic Policy Frameworks For Resource Rich Developing Countries Background Paper 1


Macroeconomic Policy Frameworks For Resource Rich Developing Countries Background Paper 1
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Author : International Monetary Fund. Strategy, Policy, & Review Department
language : en
Publisher: International Monetary Fund
Release Date : 2012-08-24

Macroeconomic Policy Frameworks For Resource Rich Developing Countries Background Paper 1 written by International Monetary Fund. Strategy, Policy, & Review Department 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 2012-08-24 with Business & Economics categories.


This paper provides deeper insights on a few themes with regard to the experience with macroeconomic management in resource-rich developing countries (RRDCs). First, some stylized facts on the performance of these economies relative to their non-resource peers are provided. Second, the experience of Fund engagement in these economies with respect to surveillance, programs, and technical assistance is assessed. Third, the experience of selected countries with good practices in the management of the natural resource wealth is presented. Fourth, the experience of IMF advice in helping RRDCs set up resource funds is discussed. Finally, the main themes and messages from the IMF staff consultation with external stakeholders (CSOs, policy makers, academics) are presented.



Fiscal Frameworks For Resource Rich Developing Countries


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.



Public Financial Management In Resource Rich Countries Essentials For Economists And Public Finance Professionals


Public Financial Management In Resource Rich Countries Essentials For Economists And Public Finance Professionals
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Author : World Bank Publications
language : en
Publisher:
Release Date : 2015-06-20

Public Financial Management In Resource Rich Countries Essentials For Economists And Public Finance Professionals written by World Bank Publications and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-06-20 with Business & Economics categories.


This volume addresses the need for improved public financial management in resource-rich countries, and discusses how this can be achieved. The volume takes as a point of departure the political economy constraints that can frequently be expected in resource-rich countries. The topics discussed include financial compliance, and the special problems that it faces in developing countries; strengthening of key compliance agencies, and reform strategies for compliance. The application of medium term budget and fiscal planning in resource-rich countries is discussed, with a focus on resource-specific aspects and reform strategy. Improvement of public investment management, a fundamental challenge in many resource-rich countries, is discussed, as are transparency aspects of PFM and PIM. The three volumes of the report are mutually supportive, but can also be read independently.



Macroeconomic Stability In Resource Rich Countries


Macroeconomic Stability In Resource Rich Countries
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Author : Elva Bova
language : en
Publisher:
Release Date : 2016

Macroeconomic Stability In Resource Rich Countries written by Elva Bova and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with Business cycles categories.




A New Fiscal Framework For Resource Rich Countries


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.



Macroeconomic Policy Frameworks For Resource Rich Developing Countries Analytic Frameworks And Applications


Macroeconomic Policy Frameworks For Resource Rich Developing Countries Analytic Frameworks And Applications
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Author : International Monetary Fund. Strategy, Policy, & Review Department
language : en
Publisher: International Monetary Fund
Release Date : 2012-08-24

Macroeconomic Policy Frameworks For Resource Rich Developing Countries Analytic Frameworks And Applications written by International Monetary Fund. Strategy, Policy, & Review Department 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 2012-08-24 with Business & Economics categories.


This supplement presents the analytical frameworks underlying the IMF’s staff’s enhanced policy analysis and advice to resource-rich developing countries (RRDCs). The proposed macro-fiscal models, which are applied to selected country or regional cases, are aimed at addressing questions regarding how to deal with resource revenue uncertainty and how to scale up spending within relevant frameworks that ensure fiscal and external sustainability while addressing absorptive capacity constraints. The country applications confirm the importance attached by both IMF staff and country authorities of using the appropriate macro-fiscal frameworks to address the specific challenges faced by RRDCs.



Key Issues In Natural Resource Taxation And Revenue Management In The Commonwealth


Key Issues In Natural Resource Taxation And Revenue Management In The Commonwealth
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Author : Daniel Wilde
language : en
Publisher: Commonwealth Secretariat
Release Date : 2016-10-11

Key Issues In Natural Resource Taxation And Revenue Management In The Commonwealth written by Daniel Wilde and has been published by Commonwealth Secretariat this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-10-11 with Commonwealth countries categories.


Public policies in taxation and revenue management are key to ensuring natural resource wealth results in economic development. Tax policy and systems should ensure that whenever natural resources are extracted, the host state receives a fair share of revenue. Revenue management policies are required to ensure that government revenues from natural resources are wisely used to finance sustainable economic development. This Economic Paper analyses key issues in natural resource taxation and revenue management and recommends policies that can improve countries’ economic performance. The discussion draws on economic theory, empirical evidence and the work of the Commonwealth Secretariat.



Guide On Resource Revenue Transparency


Guide On Resource Revenue Transparency
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Author : International Monetary Fund
language : en
Publisher: International Monetary Fund
Release Date : 2005-07-06

Guide On Resource Revenue Transparency written by International Monetary Fund 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 2005-07-06 with Business & Economics categories.


This guide gives a framework that covers the resource-specific issues to be considered in a fiscal transparency assessment, for example as part of a fiscal Report on the Observance of Standards and Codes (ROSCs). Equally importantly, it provides a summary overview of generally recognized good or best practices for transparency of resource revenue management that can be used by countries themselves, as well as by the IMF, the World Bank, and others providing technical support.



Oecd Development Policy Tools Using Extractive Revenues For Sustainable Development Policy Guidance For Resource Rich Countries


Oecd Development Policy Tools Using Extractive Revenues For Sustainable Development Policy Guidance For Resource Rich Countries
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Author : OECD
language : en
Publisher: OECD Publishing
Release Date : 2019-11-25

Oecd Development Policy Tools Using Extractive Revenues For Sustainable Development Policy Guidance For Resource Rich Countries written by OECD and has been published by OECD Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-11-25 with categories.


Transforming natural finite assets into human, social and physical capital is a key challenge for natural resource-rich countries. This report distils related lessons from the OECD Policy Dialogue on Natural Resource-based Development on natural resource revenue management and spending for sustainable development.