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Lifting the Oil Curse [electronic resource] : Improving Petroleum Revenue Management in Sub-Saharan Africa / Harinder Malothra.

By: Malothra, Harinder.
Contributor(s): Bartsch, Ulrich | Cuc, Milan | Katz, Menachem | Malothra, Harinder.
Material type: materialTypeLabelBookPublisher: Washington, D.C. : International Monetary Fund, 2004Description: 1 online resource (73 p.).ISBN: 1589063171 :.Subject(s): Exchange Rate | Fiscal Policy | Oil Companies | Oil Prices | Oil Sector | Cameroon | Congo, Democratic Republic of the | Equatorial Guinea | NigeriaAdditional physical formats: Print Version:: Lifting the Oil Curse : Improving Petroleum Revenue Management in Sub-Saharan AfricaOnline resources: IMF e-Library | IMF Book Store Abstract: 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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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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