Energy Subsidy Reform : Lessons and Implications [excerpt]

Publication cover

 

 
Excerpt
Series: Books
Author(s): Benedict Clements, David Coady, Stefania Fabrizio, Sanjeev Gupta, Trevor Alleyne, and Carlo Sdralevich
Publisher: INTERNATIONAL MONETARY FUND
Published Date: September 2013
DOI: http://dx.doi.org/10.5089/9781475558111.087
ISBN: 9781475558111
Energy subsidies are aimed at protecting consumers, however, subsidies aggravate fiscal imbalances, crowd out priority public spending, and depress private investment, including in the energy sector. This book provides the most comprehensive estimates of energy subsidies currently available for 176 countries and an analysis of 'how to do' energy subsidy reform, drawing on insights from 22 country case studies undertaken by the IMF staff and analyses carried out by other institutions.

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