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

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.

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Author:
Mrs. Harinder K Malothra
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,
Mr. Milan M Cuc
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,
Mr. Ulrich Bartsch
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, and
Mr. Menachem Katz
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Series:
IMF Special Issues
Publisher:
International Monetary Fund
Language:
English
Publication Date:
23 Jan 2004
DOI:
https://doi.org/10.5089/9781589063174.058
ISBN:
9781589063174
Pages:
73
Keywords:
ISI; SI; oil-producing country; government; country; revenue; government oil revenue; SSA oil-exporting country; oil sector oversight; oil revenue; Oil; gas and mining taxes; Oil sector; Oil prices; Exchange rate arrangements; Sub-Saharan Africa; Africa; Global; Southern Africa; West Africa
Legal-disclaimer:
This publication should not be reported as representing the views or policies of the International Monetary Fund. The views expressed in this work are those of the authors and do not necessarily represent those of the IMF, its Executive Board, or its management.
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