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Harinder Mr. Malothra
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Menachem Mr. Katz
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Milan Mr. Cuc
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Ulrich Mr. Bartsch
pubblicato da
INTERNATIONAL MONETARY FUND
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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