How Wealthy is Mozambique after the Discovery of Coal and Gas? Measuring Wealth in Mozambique Using the Wealth Accounting Framework

The objective of this policy note is to inform policy discussions around the management of natural resources and reforms needed to translate natural capital into other forms of capital, and it does so by using the wealth accounting framework. Wealt...

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Main Authors:	Armas, Enrique Blanco, Fisker, Peter, Naikal, Esther
Format:	Policy Note
Language:	English en_US
Published:	World Bank, Washington, DC 2014
Subjects:	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
Online Access:	http://documents.worldbank.org/curated/en/2014/01/19264071/wealthy-mozambique-after-discovery-coal-gas-measuring-wealth-mozambique-using-wealth-accounting-framework-policy-note http://hdl.handle.net/10986/17833

id	okr-10986-17833
recordtype	oai_dc
spelling	okr-10986-178332021-04-23T14:03:40Z How Wealthy is Mozambique after the Discovery of Coal and Gas? Measuring Wealth in Mozambique Using the Wealth Accounting Framework Armas, Enrique Blanco Fisker, Peter Naikal, Esther 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 The objective of this policy note is to inform policy discussions around the management of natural resources and reforms needed to translate natural capital into other forms of capital, and it does so by using the wealth accounting framework. Wealth (e.g. in the form of natural resources) may or may not translate into sustained flows of income in the long run. The extent to which natural capital translates into other forms of capital from which to derive a sustainable income stream is what lies at the heart of natural resources management and what differentiates successful natural resource rich countries from less successful ones. The outcome of the process depends on institutional capacity and political decisions along the way. Experience shows that the quality of governance and institutional capability are a key for countries to be able to translate natural capital into other forms of capital in an effective way. According to a variety of governance indicators, Mozambique's institutions are relatively weak, raising concerns about the country's ability to manage natural resources well. But Mozambique can also build on significant progress in some areas. Democratic elections, free press and a vocal civil society suggest of a gradual strengthening of institutions. Although the main audience of this policy note is Mozambican policy makers - the discussion around management of natural resources needs to be much broader, and as such civil society, private sector and the international community may also find the note useful. 2014-04-16T15:28:51Z 2014-04-16T15:28:51Z 2014-01 http://documents.worldbank.org/curated/en/2014/01/19264071/wealthy-mozambique-after-discovery-coal-gas-measuring-wealth-mozambique-using-wealth-accounting-framework-policy-note http://hdl.handle.net/10986/17833 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 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 Armas, Enrique Blanco Fisker, Peter Naikal, Esther How Wealthy is Mozambique after the Discovery of Coal and Gas? Measuring Wealth in Mozambique Using the Wealth Accounting Framework
geographic_facet	Africa Mozambique
description	The objective of this policy note is to inform policy discussions around the management of natural resources and reforms needed to translate natural capital into other forms of capital, and it does so by using the wealth accounting framework. Wealth (e.g. in the form of natural resources) may or may not translate into sustained flows of income in the long run. The extent to which natural capital translates into other forms of capital from which to derive a sustainable income stream is what lies at the heart of natural resources management and what differentiates successful natural resource rich countries from less successful ones. The outcome of the process depends on institutional capacity and political decisions along the way. Experience shows that the quality of governance and institutional capability are a key for countries to be able to translate natural capital into other forms of capital in an effective way. According to a variety of governance indicators, Mozambique's institutions are relatively weak, raising concerns about the country's ability to manage natural resources well. But Mozambique can also build on significant progress in some areas. Democratic elections, free press and a vocal civil society suggest of a gradual strengthening of institutions. Although the main audience of this policy note is Mozambican policy makers - the discussion around management of natural resources needs to be much broader, and as such civil society, private sector and the international community may also find the note useful.
format	Economic & Sector Work :: Policy Note
author	Armas, Enrique Blanco Fisker, Peter Naikal, Esther
author_facet	Armas, Enrique Blanco Fisker, Peter Naikal, Esther
author_sort	Armas, Enrique Blanco
title	How Wealthy is Mozambique after the Discovery of Coal and Gas? Measuring Wealth in Mozambique Using the Wealth Accounting Framework
title_short	How Wealthy is Mozambique after the Discovery of Coal and Gas? Measuring Wealth in Mozambique Using the Wealth Accounting Framework
title_full	How Wealthy is Mozambique after the Discovery of Coal and Gas? Measuring Wealth in Mozambique Using the Wealth Accounting Framework
title_fullStr	How Wealthy is Mozambique after the Discovery of Coal and Gas? Measuring Wealth in Mozambique Using the Wealth Accounting Framework
title_full_unstemmed	How Wealthy is Mozambique after the Discovery of Coal and Gas? Measuring Wealth in Mozambique Using the Wealth Accounting Framework
title_sort	how wealthy is mozambique after the discovery of coal and gas? measuring wealth in mozambique using the wealth accounting framework
publisher	World Bank, Washington, DC
publishDate	2014
url	http://documents.worldbank.org/curated/en/2014/01/19264071/wealthy-mozambique-after-discovery-coal-gas-measuring-wealth-mozambique-using-wealth-accounting-framework-policy-note http://hdl.handle.net/10986/17833
_version_	1764438549124349952

How Wealthy is Mozambique after the Discovery of Coal and Gas? Measuring Wealth in Mozambique Using the Wealth Accounting Framework

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