Comparative Study on the Distribution of Oil Rents in Bolivia, Colombia, Ecuador and Peru
Oil rent accounts for a significant portion of the gross domestic product (GDP), the national budget, and the foreign-exchange revenues in the producing countries of the Sub-Andean Basin. Its availability presents an opportunity and a challenge. Th...
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| Format: | ESMAP Paper |
| Language: | English en_US |
| Published: |
Washington, DC
2014
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| Online Access: | http://documents.worldbank.org/curated/en/2005/07/6319247/comparative-study-distribution-oil-rents-bolivia-colombia-ecuador-peru http://hdl.handle.net/10986/18069 |
| Summary: | Oil rent accounts for a significant
portion of the gross domestic product (GDP), the national
budget, and the foreign-exchange revenues in the producing
countries of the Sub-Andean Basin. Its availability presents
an opportunity and a challenge. The issue of the management
and use of the oil rent is generating increasing concern
among oil companies, civil society, development agencies,
and, governments. The above-mentioned stakeholders agree
that oil-producing regions, and in particular people
dwelling in such regions, should receive indemnifications
for damages resulting from oil operations and should realize
the opportunity to enter a development growth path. To
accomplish this, the regions and the people must benefit
from a part of the rent. The study presents in a systematic
way the available information on the distribution of oil
rents in the Sub-Andean Basin (Bolivia, Colombia, Ecuador
and Peru). Its principal aim is to understand the challenges
and risks in the ongoing processes and to identify the
trends regarding the rent distribution, in particular, and
the fiscal decentralization, in general. |
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