01922cas a2200265 a 4500 AALejournalIMF001896 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451848069 1018-5941 BD-DhAAL BD-DhAAL Tsyvinski, Aleh. Energy Sector Quasi-Fiscal Activities in the Countries of the Former Soviet Union / Aleh Tsyvinski, Martin Petri, Gunther Taube. Washington, D.C. : International Monetary Fund, 2002. 1 online resource (34 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students A decade into the transition, many of the successor states of the former Soviet Union (FSU) continue to use energy sector quasi-fiscal activities (QFAs), especially low energy prices and the toleration of payment arrears, to provide large implicit and untargeted subsidies. These activities disguise the overall size of the government, cause overconsumption and waste, and contribute to macroeconomic imbalances. This paper analyses such activities in FSU countries, with particular emphasis on two case studies (Azerbaijan and Ukraine). The paper's policy conclusions point to the need to increase energy prices, combined with a strengthening of safety nets to protect the poor, better enforcement of payment discipline, and more efforts to achieve fiscal transparency. Mode of access: Internet Petri, Martin. Taube, Gunther. IMF Working Papers; Working Paper ; No. 2002/060 Full text available on IMF http://elibrary.imf.org/view/journals/001/2002/060/001.2002.issue-060-en.xml IMF e-Library