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"This volume provides the most comprehensive estimates of worldwide energy subsidies currently available, drawing on … "how to do" energy subsidy reform, drawing on insights from 22 country case studies and analyses carried out by other …
Persistent link: https://www.econbiz.de/10010244221
Energy subsidies have wide-ranging economic consequences. While aimed at protecting consumers, subsidies aggravate … fiscal imbalances, crowd-out priority public spending, and depress private investment, including in the energy sector …. Subsidies also distort resource allocation by encouraging excessive energy consumption, artificially promoting capital …
Persistent link: https://www.econbiz.de/10014410519
This supplement presents country case studies reviewing energy subsidy reform experiences, which are the basis for the … in Central and Eastern Europe and the CIS. The case studies are organized by energy product, with 14 studies of the … description of the reforms; discussion of the impact of the reform on energy prices or subsidies and its success or failure …
Persistent link: https://www.econbiz.de/10014410521
Persistent link: https://www.econbiz.de/10000801821
Growth in sub-Saharan Africa has weakened after more than a decade of solid growth, although this overall outlook masks considerable variation across the region. Some countries have been negatively affected by falling prices of their main commodity exports. Oil-exporting countries, including...
Persistent link: https://www.econbiz.de/10014412391
The massive external debt burden of Sub-Saharan Africa has gained widespread attention as a serious policy issue during the past few years. This paper reviews recent trends in the debt levels and economic performance of Sub-Saharan countries and assesses a number of proposals for reducing their...
Persistent link: https://www.econbiz.de/10014396120
Member countries of the Central African Economic and Monetary Community are recovering from the global financial crisis, although growth in 2011 has not returned to precrisis levels. Executive Directors welcomed the region’s economic recovery from the global financial crisis and its overall...
Persistent link: https://www.econbiz.de/10014397528
This paper discusses the common policies adopted by the members of the Central African Economic and Monetary Community (CEMAC). The macroeconomic performance was good in 2011 with improved fiscal balances, public investment programs, and higher reserves. However, CEMAC is facing challenges from...
Persistent link: https://www.econbiz.de/10014395663
This paper analyzes the causes of growth of Africa’s debt burden, and discusses the factors that induced African countries to seek external loans as well as the factors affecting the supply of external financing. The paper studies the development of some measures of debt burden for different...
Persistent link: https://www.econbiz.de/10014395774
Since the mid-1970s the annual inflation rate in Africa has averaged more than 15 percent, with many countries experiencing rates of 20 percent or more. Inflation rates of this magnitude have significant adverse effects on the financial sectors of African countries, particularly in the context...
Persistent link: https://www.econbiz.de/10014396012