This study evaluates the potential demand for oil and oil products transport via the existing rail corridor in the Caucasus, taking into consideration the competition from alternative routes. It identifies potential bottlenecks that would prevent the potential traffic from using the corridor and...

For some Latin American countries - especially, the oil importers in the Caribbean - rising energy prices could pose a significant threat to their current account sustainability, particularly if they are accompanied by other negative shocks. In some countries the fiscal costs associated with...

Worldwide, about 1.6 billion people lack access to electricity services. There are also large populations without access in the poorer countries of Asia and Latin America, as well as in the rural and peri-urban areas of middle income countries. However large-scale electrification programs that...

This paper develops a number of approaches to power sector planning that respond to the uncertainties that Afghanistan faces. It aims to provide an alternative to the "predict then act" approach to planning, which will allow more robust decision making. The paper is divided into two parts: the...

"Indonesia's oil revenues and fuel subsidies dominate the nation's economic policy agenda. This paper estimates the impact of higher international oil prices on the Indonesian government's fiscal position in 2008 and beyond. It analyzes the interactions between government revenues and...

The decline in international oil prices over the past two years has resulted into an economic crisis in the Republic of Congo that could forestall the transformation efforts to move the country towards higher middle income status. A key strategy that government has pursued in recent years has...