. The success of the oil sector has created new competitiveness challenges. The IMF report states that rapid increases in … oil wealth are also adding further pressures on the economy despite sound oil revenue management anchored by a fiscal rule … run aging- related costs that peak only after oil production is largely over. …

performance was broadly positive, underpinned by buoyant international oil prices and prudent fiscal and monetary policies. The … creating fiscal space for much needed additional investment and social spending. Non-oil revenues need to be mobilized by …

(CEMAC), most of which depend heavily on oil exports. At present, the CEMAC's macroeconomic surveillance exercise sets as … in oil prices and, hence, oil receipts obscure the underlying fiscal stance. Second, oil resources are limited, which … suggests that some of today's oil receipts should be saved to finance future consumption. The paper develops easy …

, such as oil, minerals, and forests, continue to attract significant investments whereas others, like natural gas, could be …

of a destination-based VAT regime. Oil and gas trade is a major source of Russian tax revenue, which is collected partly … through an origin-based VAT on intra-CIS energy trade. The paper shows that Ukraine may try to capture part of the tax revenue …

(NEEDS). NEEDS gives special support to agriculture, industry, small and medium-scale enterprises, and oil and gas. Under the …

This paper attempts to offer specific inputs to the debate on local content promotion in the oil industry, using the … consistency between the prospective oil sector development and the growth of other sectors of the economy. We also assess a number … of sectoral policies and "niche" activities within the oil industry that would maximize the local benefits from oil …