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...
| Main Authors: | , , , |
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| Format: | Policy Note |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2014
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2014/01/19263605/generating-sustainable-wealth-mozambiques-natural-resource-boom http://hdl.handle.net/10986/17361 |
| Summary: | 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. |
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