Series: Staff Discussion Notes
Author(s): Maria Albino-War , Svetlana Cerovic , Francesco Grigoli , Juan Flores , Javier Kapsoli , Haonan Qu , Yahia Said , Bahrom Shukurov , Martin Sommer , and SeokHyun Yoon
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 12 November 2014
Keywords: Central Asia and the Caucasus, Expenditure efficiency, Somalia, Oman, Saudi Arabia, Qatar, Public investment, Natural resources, Morocco, North Africa
Over the past decade, rising oil prices have translated into high levels of public investment in most MENA and CCA oil exporters. This has prompted questions about the efficiency of public investment in generating...