Managing Resource Rents : The Special Challenges in Postconflict Countries

Resource flows from extractive industries can be a lifeline for postconflict countries, helping to fund critical reconstruction needs. But these resources present issues not found elsewhere in the economy and need to be well managed. Sector governa...

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Bibliographic Details
Main Authors:	Bacon, Robert, Tordo, Silvana
Format:	Viewpoint
Language:	English
Published:	World Bank, Washington, DC 2012
Subjects:	ACCOUNTABILITY ALLOCATION BANKING SECTOR BENEFICIARY CAPACITY BUILDING CENTRAL GOVERNMENT CENTRAL GOVERNMENT REVENUE CIVIL SERVICE CRUDE OIL CRUDE OIL PRICES DEVELOPING COUNTRIES ECONOMIC GROWTH ECONOMIC RECOVERY ENTITLEMENTS ENVIRONMENTAL IMPACT EQUITABLE DISTRIBUTION EXHAUSTIBLE RESOURCES EXPENDITURE EXPENDITURE PLAN EXPENDITURE PLANNING EXPENDITURES EXPORT PIPELINE EXTRACTIVE INDUSTRIES EXTRACTIVE INDUSTRIES TRANSPARENCY INITIATIVE FINANCIAL MARKETS GAS GAS FIELDS GAS RESERVES GOVERNMENT REVENUE GOVERNMENT REVENUES INCOME INCOME LEVELS INFRASTRUCTURE INVESTMENTS INSTITUTIONAL ARRANGEMENTS INTERNATIONAL OIL COMPANIES LOCAL MARKET MACROECONOMIC FRAMEWORK MILLION BARRELS MINERALS MINING POLICY MONETARY FUND NATURAL RESOURCES OIL OIL AND GAS OIL AND GAS SECTOR OIL COMPANIES OIL PRICES OIL PRODUCTION OIL REVENUES OIL SECTOR OIL-PRODUCING COUNTRIES PER CAPITA INCOME PETROLEUM PETROLEUM SECTOR PHYSICAL INFRASTRUCTURE POLITICAL STABILITY PRIVATE SECTOR PUBLIC PUBLIC EXPENDITURE PUBLIC FINANCE PUBLIC INFORMATION PUBLIC POLICY PUBLIC SAVING PUBLIC SPENDING RESERVES RESOURCE FLOWS RESOURCE RENTS RESOURCE REVENUES REVENUE FLOWS REVENUE MANAGEMENT REVENUE SHARING REVENUE SOURCES REVENUE VOLATILITY REVENUES FROM OIL SECTOR MINISTRY SETTLEMENT STEEL STREAM TAX TAX REVENUES TRANSPARENCY TREASURY UNCERTAINTY
Online Access:	http://documents.worldbank.org/curated/en/2006/02/12120232/managing-resource-rents-special-challenges-postconflict-countries http://hdl.handle.net/10986/11197

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Summary:	Resource flows from extractive industries can be a lifeline for postconflict countries, helping to fund critical reconstruction needs. But these resources present issues not found elsewhere in the economy and need to be well managed. Sector governance principles that apply to oil-producing countries in general are even more important in postconflict countries. This note discusses these principles and shows how they apply in two cases, Timor-Leste and Sudan.

Managing Resource Rents : The Special Challenges in Postconflict Countries

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