Amongst a favorable economic environment, Ecuador's exceptional oil revenues have bolstered fiscal accounts. Several legal changes have created or modified funds or accounts aimed at saving, earmarking, or using oil-related revenues. This paper discusses oil-related fiscal policies,...

The aim of this book is to provide policymakers in Latin America with the stylized facts of what works and what does not in decentralization policies and schemes, based on analysis of the recent experiences of several Latin American countries.