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Petroleum Product Subsidies
			: Costly, Inequitable, and On the Rise

Petroleum Product Subsidies : Costly, Inequitable, and On the Rise »

Volume/Issue: 2010/05

Series: IMF Staff Position Notes

Author(s): John Piotrowski , David Coady , Justin Tyson , Rolando Ossowski , Robert Gillingham , and Shamsuddin Tareq

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 February 2010

DOI: http://dx.doi.org/10.5089/9781455239108.004

ISBN: 9781455239108

Keywords: Commodity price fluctuations, Oil exporting countries, Oil product prices, Oil subsidies, Price stabilization, Fiscal reforms, Governance, Taxes, Subsidies, Petroleum products

Petroleum product subsidies have again started to increase with the rebound in international prices. This note reviews recent developments in subsidy levels and argues that reforming the policy framework for settin...

Petroleum Product Subsidies

Petroleum Product Subsidies »

Source: Petroleum Product Subsidies : Costly, Inequitable, and On the Rise

Volume/Issue: 2010/05

Series: IMF Staff Position Notes

Author(s): John Piotrowski , David Coady , Justin Tyson , Rolando Ossowski , Robert Gillingham , and Shamsuddin Tareq

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 February 2010

ISBN: 9781455239108

Keywords: Commodity price fluctuations, Oil exporting countries, Oil product prices, Oil subsidies, Price stabilization, Fiscal reforms, Governance, Taxes, Subsidies, Petroleum products

Petroleum product subsidies have again started to increase with the rebound in international prices. This note reviews recent developments in subsidy levels and argues that reforming the policy framework for settin...

CHAPTER 5 Economic Growth: What Has Been Achieved and How?

CHAPTER 5 Economic Growth: What Has Been Achieved and How? »

Source: Economic Adjustment and Reform in Low-Income Countries (ESAF Review Background Papers)

Series: Books

Author(s): Susan Schadler , and Hugh Bredenkamp

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 June 1999

ISBN: 9781557757159

Keywords: inflation, public enterprises, public enterprise, enterprise reform, public enterprise sector

The promotion of sustainable economic growth is one of the principal objectives of ESAF-supported programs. This chapter examines the pattern of growth in ESAF countries over the past 10–15 years, drawing co...

CHAPTER 6 Inflation: The Case for a More Resolute Approach

CHAPTER 6 Inflation: The Case for a More Resolute Approach »

Source: Economic Adjustment and Reform in Low-Income Countries (ESAF Review Background Papers)

Series: Books

Author(s): Susan Schadler , and Hugh Bredenkamp

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 June 1999

ISBN: 9781557757159

Keywords: inflation, public enterprises, public enterprise, enterprise reform, public enterprise sector

This chapter begins with a review of inflation performance and arrives at a mixed assessment: the record on ending high inflation is satisfactory, but the record on achieving low (single-digit) inflation is...

CHAPTER 2 Methodological Issues

CHAPTER 2 Methodological Issues »

Source: Economic Adjustment and Reform in Low-Income Countries (ESAF Review Background Papers)

Series: Books

Author(s): Susan Schadler , and Hugh Bredenkamp

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 June 1999

ISBN: 9781557757159

Keywords: inflation, public enterprises, public enterprise, enterprise reform, public enterprise sector

The extent of progress with respect to the objectives of the ESAF can be assessed from a variety of perspectives. The most commonly used in evaluations of adjustment programs are:...

CHAPTER 8 Moving Ahead with Structural Reform

CHAPTER 8 Moving Ahead with Structural Reform »

Source: Economic Adjustment and Reform in Low-Income Countries (ESAF Review Background Papers)

Series: Books

Author(s): Susan Schadler , and Hugh Bredenkamp

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 June 1999

ISBN: 9781557757159

Keywords: inflation, public enterprises, public enterprise, enterprise reform, public enterprise sector

Large, inefficient public enterprise sectors and distressed banking systems existed in virtually all of the 36 ESAF countries covered by this review and weighed heavily on the finances of the budget and priv...

CHAPTER 1 Overview

CHAPTER 1 Overview »

Source: Economic Adjustment and Reform in Low-Income Countries (ESAF Review Background Papers)

Series: Books

Author(s): Susan Schadler , and Hugh Bredenkamp

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 June 1999

ISBN: 9781557757159

Keywords: inflation, public enterprises, public enterprise, enterprise reform, public enterprise sector

In the aftermath of the debt crisis of the early 1980s, many of the IMF’s poorest member countries embarked on far-reaching programs of adjustment and economic reform. The severity and structural nature of t...

CHAPTER 7 Progress Toward External Viability

CHAPTER 7 Progress Toward External Viability »

Source: Economic Adjustment and Reform in Low-Income Countries (ESAF Review Background Papers)

Series: Books

Author(s): Susan Schadler , and Hugh Bredenkamp

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 June 1999

ISBN: 9781557757159

Keywords: inflation, public enterprises, public enterprise, enterprise reform, public enterprise sector

Progress toward external viability is a central objective in ESAF-supported programs. To this end, the programs emphasize macroeconomic policies and structural reforms that are designed to strengthen externa...

CHAPTER 9 The Causes of Program Interruptions

CHAPTER 9 The Causes of Program Interruptions »

Source: Economic Adjustment and Reform in Low-Income Countries (ESAF Review Background Papers)

Series: Books

Author(s): Susan Schadler , and Hugh Bredenkamp

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 June 1999

ISBN: 9781557757159

Keywords: inflation, public enterprises, public enterprise, enterprise reform, public enterprise sector

Adjustment programs are seldom implemented exactly as planned. Slippages, delays, midcourse corrections, and, occasionally, missed targets are in the nature of ambitious reform. Nevertheless, a track record...

CHAPTER 4 The Policy Record

CHAPTER 4 The Policy Record »

Source: Economic Adjustment and Reform in Low-Income Countries (ESAF Review Background Papers)

Series: Books

Author(s): Susan Schadler , and Hugh Bredenkamp

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 June 1999

ISBN: 9781557757159

Keywords: inflation, public enterprises, public enterprise, enterprise reform, public enterprise sector

This chapter examines developments in the macroeconomic and structural policies of the ESAF countries during the period under review and takes stock of the progress achieved toward greater macroeconomic stab...