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A Public Financial Management Framework for Resources-Producing Countries

  • Jean-Luc Hélis
  • Teresa Dabán Sánchez
Registered author(s):

    This working paper overviews the challenges posed by resource revenues management and the policy prescriptions to meet them, and focuses on the Public Financial Management (PFM) framework and reforms that resource-producing countries should adopt. The paper outlines a PFM framework and reform path that take into account the institutional diversity of resource-producing countries. In the short term, the proposed reforms highlights the tools that could be implemented even where the PFM system is rather basic, while over the medium and long term they aim at converging with best international PFM practices.

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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=23728
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    Paper provided by International Monetary Fund in its series IMF Working Papers with number 10/72.

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    Length: 37
    Date of creation: 01 Mar 2010
    Date of revision:
    Handle: RePEc:imf:imfwpa:10/72
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    12. Eliot Kalter & Steven Phillips & Manmohan Singh & Mauricio Villafuerte & Rodolfo Luzio & Marco A Espinosa-Vega, 2004. "Chile; Institutions and Policies Underpinning Stability and Growth," IMF Occasional Papers 231, International Monetary Fund.
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    15. Jan-Peter Olters & Daniel Leigh, 2006. "Natural-Resource Depletion, Habit Formation, and Sustainable Fiscal Policy; Lessons From Gabon," IMF Working Papers 06/193, International Monetary Fund.
    16. Paul Collier & Benedikt Goderis, 2007. "Commodity Prices, Growth, and the Natural Resource Curse: Reconciling a Conundrum," CSAE Working Paper Series 2007-15, Centre for the Study of African Economies, University of Oxford.
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