The economic implications of the latest upsurge of the oil prices for the whole world-and for the developing countries in particular-are such as to make a strategy of common responsibility of industrialized and developing countries more urgent than ever. Rainer Offergeld, Federal Minister for...

Only a handful of developing countries have fully reformed their energy sector - oil, gas, and power. A World Bank Survey of 115 developing countries shows that on average, in mid-1998 just 39 percent of key reform steps had been carried out. There are large variations among countries in the...