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Direct Distribution of Resource Revenues: Worth Considering?
Author:
Mr. Sanjeev Gupta
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Mr. Alex Segura-Ubiergo
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Enrique Flores
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Series:
Staff Discussion Notes
Volume/Issue:
Volume 2014: Issue 005
Language:
English
Publication Date:
10 Jun 2014
DOI:
https://doi.org/10.5089/9781484367209.006
ISBN:
9781484367209
ISSN:
2617-6750
Pages:
26
Keywords:
SDN; resource revenue; natural resource; governments Bloated; country authorities; resource curse; resource wealth; natural resources; resource wealth management; direct redistribution; fiscal policy; cash transfers; resource exhaustibility; revenues DDMs; Income; Currencies; Middle East; North Africa; East Africa
Legal-disclaimer:
Staff Discussion Notes (SDNs) showcase policy-related analysis and research being developed by IMF staff members and are published to elicit comments and to encourage debate.The views expressed in this Policy Discussion Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy.
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Some scholars have argued that direct distribution of natural resource revenues to the population would help resource-rich countries escape the “resource curse.” This discussion note analyzes whether this proposal is a viable policy alternative for resource-rich countries. The first priority for policymakers is to establish fiscal policy objectives to support macroeconomic stability and development objectives. In this regard, the establishment of an adequate fiscal framework that informs decisions on how much to save and invest, or how to smooth out revenue volatility, and deal with exhaustibility issues should precede any discussion of direct distribution of resource wealth to the population.
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Cover Staff Discussion Notes
Staff Discussion Notes
ISSN:
2617-6750
Publisher:
International Monetary Fund