01849cas a2200253 a 4500 AALejournalIMF003982 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451863031 1018-5941 BD-DhAAL BD-DhAAL Saavalainen, Tapio. Quasi-Fiscal Deficits and Energy Conditionality in Selected CIS Countries / Tapio Saavalainen, Joy Mylene Berge. Washington, D.C. : International Monetary Fund, 2006. 1 online resource (37 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 Quasi-fiscal deficits of public utility companies are common in all member countries of the Commonwealth of Independent States (CIS). They constitute a significant impediment to efficient resource allocation and endanger macroeconomic stability. This paper presents a simple framework for measuring and monitoring such deficits and highlights their macroeconomic relevance. It reviews the progress under IMF conditionality aimed at correcting these imbalances during 1993-2003. The paper suggests that the extensive conditionality under the IMF-supported programs has yielded only limited progress in reducing the energy sector's financial imbalances. In conclusion, different policy options are discussed in light of the lessons learned. Mode of access: Internet Berge, Joy Mylene. IMF Working Papers; Working Paper ; No. 2006/043 Full text available on IMF http://elibrary.imf.org/view/journals/001/2006/043/001.2006.issue-043-en.xml IMF e-Library