OECD Development Policy Tools Using Extractive Revenues for Sustainable Development Policy Guidance for Resource-rich Countries
Transforming natural finite assets into human, social and physical capital is a key challenge for natural resource-rich countries. This report distils related lessons from the OECD Policy Dialogue on Natural Resource-based Development on natural resource revenue management and spending for sustainab...
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| Formato: | Libro electrónico |
| Idioma: | Inglés |
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Paris :
OECD Publishing
2019.
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| Ver en Biblioteca Universitat Ramon Llull: | https://discovery.url.edu/permalink/34CSUC_URL/1im36ta/alma991009704657406719 |
Tabla de Contenidos:
- Intro
- Foreword
- Executive summary
- Introduction
- 1. How to manage natural resource revenues to ensure fiscal sustainability
- Key attributes of non-renewable natural resource revenues
- The importance of a clear commitment to a coherent, consistent and disciplined fiscal policy and macroeconomic management framework
- Stabilisation funds as an integral part of the fiscal policy and macroeconomic management framework
- The size of the stabilisation fund
- The investment policy should be aligned with the budget stabilisation policy objective
- Investment management of stabilisation funds
- Governance of natural resource funds
- 2. How to spend natural resource revenues for sustainable development
- Addressing the trade-off between saving and spending natural resource revenues
- Prioritising development without earmarking natural resource revenues
- Assessing direct distribution mechanisms
- Strategic investment funds as emerging tools for extra-budgetary investment
- 3. Key policy recommendations
- Policy Challenge 1: How to reconcile long-term development and intergenerational equity objectives with the need to manage the volatility and uncertainty of exhaustible resource revenues.
- Recommended policy responses:
- Policy Challenge 2: How to transform finite natural resource revenues into long-standing and productive development gains, in order to put resource-rich developing countries on a sustainable development trajectory that outlives resource extraction.
- Recommended policy responses:
- Notes
- References
- Blank Page.
