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 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.
Publication date: January 2004
ISBN: 9781589063174
$20.00
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Exports and Imports , Money and Monetary Policy , fiscal policy , oil sector , oil companies , exchange rate , oil prices

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