Generating Sustainable Wealth from Mozambique's Natural Resource Boom
This policy note aims to contribute to a national debate on the management of natural resource revenues. This policy note, part of a broader analytical program that seeks to inform macroeconomic and fiscal policy making in Mozambique to maximize th...
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| Format: | Policy Note |
| Language: | English en_US |
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World Bank, Washington, DC
2014
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| Online Access: | http://documents.worldbank.org/curated/en/2014/01/19263605/generating-sustainable-wealth-mozambiques-natural-resource-boom http://hdl.handle.net/10986/17361 |
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okr-10986-173612021-04-23T14:03:37Z Generating Sustainable Wealth from Mozambique's Natural Resource Boom Blanco Armas, Enrique Gratcheva, Ekaterina Pevzner, Dmitry Sharma, Natasha BUDGETING CAPACITY CONSTRAINTS COMMODITY PRICE COMMODITY PRICES CONTINGENT LIABILITIES DEBT DEVELOPMENT BANK EXPENDITURE FINANCIAL MANAGEMENT FISCAL POLICY GOVERNMENT REVENUES INVESTMENT PROJECTS MACROECONOMIC STABILITY PRICE VOLATILITY PUBLIC INVESTMENTS PUBLIC SAVINGS PUBLIC SPENDING REAL EXCHANGE RATE RETURNS TRANSPARENCY This policy note aims to contribute to a national debate on the management of natural resource revenues. This policy note, part of a broader analytical program that seeks to inform macroeconomic and fiscal policy making in Mozambique to maximize the benefits from natural resource extraction, presents a series of recommendations on managing natural resource revenues. It assumes that the Government of Mozambique will chose to frontload public investments and spend a large share of the revenue from natural resources to meet the country's vast development needs. The policy note is divided in three sections. Section one discusses some of the challenges involved in responsibly managing resource revenues and key factors to consider in developing the fiscal policy framework. Section two presents a simulation exercise to illustrate how a fiscal policy framework that frontloads public spending can be implemented in Mozambique. Section three concludes the discussion and summarizes recommendations for enhancing fiscal and resource management in Mozambique. 2014-03-25T18:32:23Z 2014-03-25T18:32:23Z 2014-01 http://documents.worldbank.org/curated/en/2014/01/19263605/generating-sustainable-wealth-mozambiques-natural-resource-boom http://hdl.handle.net/10986/17361 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank, Washington, DC Economic & Sector Work :: Policy Note Economic & Sector Work Africa Mozambique |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
BUDGETING CAPACITY CONSTRAINTS COMMODITY PRICE COMMODITY PRICES CONTINGENT LIABILITIES DEBT DEVELOPMENT BANK EXPENDITURE FINANCIAL MANAGEMENT FISCAL POLICY GOVERNMENT REVENUES INVESTMENT PROJECTS MACROECONOMIC STABILITY PRICE VOLATILITY PUBLIC INVESTMENTS PUBLIC SAVINGS PUBLIC SPENDING REAL EXCHANGE RATE RETURNS TRANSPARENCY |
| spellingShingle |
BUDGETING CAPACITY CONSTRAINTS COMMODITY PRICE COMMODITY PRICES CONTINGENT LIABILITIES DEBT DEVELOPMENT BANK EXPENDITURE FINANCIAL MANAGEMENT FISCAL POLICY GOVERNMENT REVENUES INVESTMENT PROJECTS MACROECONOMIC STABILITY PRICE VOLATILITY PUBLIC INVESTMENTS PUBLIC SAVINGS PUBLIC SPENDING REAL EXCHANGE RATE RETURNS TRANSPARENCY Blanco Armas, Enrique Gratcheva, Ekaterina Pevzner, Dmitry Sharma, Natasha Generating Sustainable Wealth from Mozambique's Natural Resource Boom |
| geographic_facet |
Africa Mozambique |
| description |
This policy note aims to contribute to a
national debate on the management of natural resource
revenues. This policy note, part of a broader analytical
program that seeks to inform macroeconomic and fiscal policy
making in Mozambique to maximize the benefits from natural
resource extraction, presents a series of recommendations on
managing natural resource revenues. It assumes that the
Government of Mozambique will chose to frontload public
investments and spend a large share of the revenue from
natural resources to meet the country's vast
development needs. The policy note is divided in three
sections. Section one discusses some of the challenges
involved in responsibly managing resource revenues and key
factors to consider in developing the fiscal policy
framework. Section two presents a simulation exercise to
illustrate how a fiscal policy framework that frontloads
public spending can be implemented in Mozambique. Section
three concludes the discussion and summarizes
recommendations for enhancing fiscal and resource management
in Mozambique. |
| format |
Economic & Sector Work :: Policy Note |
| author |
Blanco Armas, Enrique Gratcheva, Ekaterina Pevzner, Dmitry Sharma, Natasha |
| author_facet |
Blanco Armas, Enrique Gratcheva, Ekaterina Pevzner, Dmitry Sharma, Natasha |
| author_sort |
Blanco Armas, Enrique |
| title |
Generating Sustainable Wealth from Mozambique's Natural Resource Boom |
| title_short |
Generating Sustainable Wealth from Mozambique's Natural Resource Boom |
| title_full |
Generating Sustainable Wealth from Mozambique's Natural Resource Boom |
| title_fullStr |
Generating Sustainable Wealth from Mozambique's Natural Resource Boom |
| title_full_unstemmed |
Generating Sustainable Wealth from Mozambique's Natural Resource Boom |
| title_sort |
generating sustainable wealth from mozambique's natural resource boom |
| publisher |
World Bank, Washington, DC |
| publishDate |
2014 |
| url |
http://documents.worldbank.org/curated/en/2014/01/19263605/generating-sustainable-wealth-mozambiques-natural-resource-boom http://hdl.handle.net/10986/17361 |
| _version_ |
1764436971717918720 |