Search Results - subject:"oil revenues"

Libya; Technical Assistance Reportâ€”Public Financial Management Reform Priorities in the New Environment

International Monetary Fund (IMF); International … - 2013

Libya faces a number of challenges to establishing a robust, efficient, and transparent public financial management system. There is a need to establish a clear macrofiscal policy framework. The Sovereign Wealth Fund (SWF) should be a financing fund system with clear and rigid inflow and outflow...

Persistent link: https://www.econbiz.de/10011243870

Algeria; 2012 Article IV Consultation

International Monetary Fund (IMF); International … - 2013

The economic condition of Algeria in 2012 is stable. Rising inflation, continued heavy reliance on the hydrocarbon sector and public spending, and vulnerability to a prolonged decline in the oil price, as well as high unemployment pose significant challenges. Explicitly considering an annual cap...

Persistent link: https://www.econbiz.de/10011244042

Iraq; 2013 Article IV Consultation

International Monetary Fund (IMF); International … - 2013

macroeconomic outlook remain high. The risks can translate into lower oil revenues, deterioration in the fiscal position, pressures …

Persistent link: https://www.econbiz.de/10011245800

Dynamic relationships between oil revenues, government spending and economic growth in an oil-dependent economy

Sbia, Rashid; Hamdi, Helmi - Volkswirtschaftliche Fakultät, … - 2013

The aim of this paper is to empirically examine the relationship between Oil revenues, government spending and GDP … growth in the kingdom of Bahrain. Oil revenues are the main source of financing government expenditures and imports of … suggest that oil revenues remain the principal source for growth and the main channel which finance the government spending. …

Persistent link: https://www.econbiz.de/10011275135

Republic of Congo; First Review Under the Poverty Reduction and Growth Facility, and Requests for Waiver of Performance Criteria and Modification of Performance Criterion: Staff Report; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for the Republic of Congo

International Monetary Fund (IMF); International … - 2005

The staff report for the First Review Under the Poverty Reduction and Growth Facility on the Republic of Congo highlights economic development and fiscal policy. Reflecting the rise in oil prices, the fiscal and current account balance position improved significantly. Congoâ€™s medium-term...

Persistent link: https://www.econbiz.de/10005252713

The developmental role of SMEs in the Arab countries

Elasrag, Hussein - Volkswirtschaftliche Fakultät, … - 2012

Small and medium enterprises (SMEs) have become one of the key instruments to face economic and social problems and achieve development objectives in most industrial and developing countries. SME contributions to employment creation, productivity improvement, and income generation are...

Persistent link: https://www.econbiz.de/10011112624

Measures of Fiscal Risk in Hydrocarbon-Exporting Countries

Caceres, Carlos; Medina, Leandro - International Monetary Fund (IMF) - 2012

The recent relatively high levels of global oil prices have led to a significant improvement in the public finances of several hydrocarbon-exporting countries. However, despite the increase in fiscal buffers, medium-term risks remain high. Fiscal vulnerabilities have increased as a consequence...

Persistent link: https://www.econbiz.de/10011123827

Oil and the World Economy; Some Possible Futures

Kumhof, Michael; Muir, Dirk - International Monetary Fund (IMF) - 2012

This paper, using a six-region DSGE model of the world economy, assesses the GDP and current account implications of permanent oil supply shocks hitting the world economy at an unspecified future date. For modest-sized shocks and conventional production technologies the effects are modest. But...

Persistent link: https://www.econbiz.de/10011242343

The Global Impact of the Systemic Economies and MENA Business Cycles

Cashin, Paul; Mohaddes, Kamiar; Raissi, Mehdi - International Monetary Fund (IMF) - 2012

This paper analyzes spillovers from macroeconomic shocks in systemic economies (China, the Euro Area, and the United States) to the Middle East and North Africa (MENA) region as well as outward spillovers from a GDP shock in the Gulf Cooperation Council (GCC) countries and MENA oil exporters to...

Persistent link: https://www.econbiz.de/10010790399

Manna from Heaven: The Impact of Nonrenewable Resource Revenues on Other Revenues of Resource Exporters in Latin America and the Caribbean

Ossowski, Rolando; Gonzáles-Castillo, Alberto - Inter-American Development Bank - 2012

This paper examines the impact of the availability of fiscal revenues from nonrenewable resources on other revenues of Latin American and Caribbean resource-exporting countries. It compares the performance of nonresource revenues in these countries to that in other countries in the region. The...

Persistent link: https://www.econbiz.de/10010943627