IMF Working Papers
A Public Financial Management Framework for Resources-Producing Countries :
English
Resource revenue management resource curse accountability resource-producing countries budget law budget process budget documents annual budget fiscal policy Macroeconomic Policy Macroeconomic Aspects of Public Finance and General Outlook: General General Aggregative Models National Budget Deficit And Debt nonrenewable Resources And Conservation
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2010
INTERNATIONAL MONETARY FUND
INTERNATIONAL MONETARY FUND
1018-5941 | 2227-8885
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Working Paper No. 10/72
9781451981995 | 9781451981995 | 9781452798479 | 9781462396108
This working paper overviews the challenges posed by resource revenues management and the policy prescriptions to meet them, and focuses on the Public Financial Management (PFM) framework and reforms that resource-producing countries should adopt. The paper outlines a PFM framework and reform path that take into account the institutional diversity of resource-producing countries. In the short term, the proposed reforms highlights the tools that could be implemented even where the PFM system is rather basic, while over the medium and long term they aim at converging with best international PFM practices.
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