01774cas a2200241 a 4500 AALejournalIMF004884 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451866711 1018-5941 BD-DhAAL BD-DhAAL Olters, Jan-Peter. Old Curses, New Approaches? : Fiscal Benchmarks for Oil-Producing Countries in Sub-Saharan Africa / Jan-Peter Olters. Washington, D.C. : International Monetary Fund, 2007. 1 online resource (42 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 Buoyant oil prices have allowed oil-producing countries in sub-Saharan Africa (SSA OPCs) to increase oil exports and fiscal revenues, providing them with resources necessary to address the pressing social needs. To preclude another boom-bust cycle, this paper advocates the definition of a fiscal benchmark anchored in sustainability grounds, following Leigh- Olters (2006). The difference between current primary deficits and those that could be maintained after oil reserves are exhausted represent an indication of the degree to which fiscal positions will have to be adjusted-either gradually, while the overall balances remain in surplus, or abruptly, once oil revenues begin to dwindle. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2007/107 Full text available on IMF http://elibrary.imf.org/view/journals/001/2007/107/001.2007.issue-107-en.xml IMF e-Library