Cover Departmental Papers
Boom, Bust or Prosperity? Managing Sub-Saharan Africa’s Natural Resource Wealth
Author: Charlotte J. Lundgren, Mr. Alun H. Thomas, and Mr. Robert C York
Series:
Departmental Papers
Volume/Issue:
Volume 2013: Issue 003
Language:
Portuguese
Publication Date:
07 Oct 2013
DOI:
https://doi.org/10.5089/9781484397466.087
ISBN:
9781484397466
ISSN:
2616-5333
Pages:
91
Keywords:
DPPP; DP; natural resource; SSA country; fiscal policy; current account; exchange rate
Legal-disclaimer:
The Departmental Paper Series presents research by IMF staff on issues of broad regional or cross-country interest. The views expressed in this paper are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
Download PDF (3.1 MB)
Sizeable natural resource endowments and potentially large financial inflows from their extraction provide an unparalleled opportunity for economic growth and development in a growing number of sub-Saharan African countries. Empirical evidence suggests, however, that translating this resource wealth into stronger economic performance and a higher standard of living has proven challenging. Much has been written about the resource curse. This publication focuses on solutions to the challenges and outlines the main policy considerations and options in managing natural resource wealth, drawing on experience within and outside sub-Saharan Africa and referring closely to the latest analysis and policy advice in this area by the IMF, the World Bank, and leading academic research. A key feature of each chapter is a recommended reading list for those who wish additional, more in-depth material on these issues to further inform policymakers and other stakeholders on the theoretical and analytical underpinnings of the policy advice.
Cover Departmental Papers
Departmental Papers
ISSN:
2616-5333
Publisher:
International Monetary Fund