Lifting the Oil Curse : Improving Petroleum Revenue Management in Sub-Saharan Africa /

How can a country turn oil revenues into a blessing rather than a curse? With growing international interest in new offshore oil deposits in sub-Saharan Africa, there is also greater scrutiny of the reasons why many oil-producing countries in the region have experienced disappointing economic perfor...

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Bibliographic Details
Main Author: Malothra, Harinder
Other Authors: Bartsch, Ulrich, Cuc, Milan, Katz, Menachem
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2004.
Online Access:Full text available on IMF
Description
Summary:How can a country turn oil revenues into a blessing rather than a curse? With growing international interest in new offshore oil deposits in sub-Saharan Africa, there is also greater scrutiny of the reasons why many oil-producing countries in the region have experienced disappointing economic performance over the past 20 to 30 years. This paper discusses the latest thinking on best-practice institutions and policies, compares this thinking with current practice in African oil-exporting countries, and presents a plan for the future, taking into account African policymakers'concerns.
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Physical Description:1 online resource (73 pages)
Format:Mode of access: Internet
Access:Electronic access restricted to authorized BRAC University faculty, staff and students