Macroeconomic Policy Frameworks for Resource-Rich Developing Countries

Macroeconomic Policy Frameworks for Resource-Rich Developing Countries - Background Paper 1

August 24, 2012

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Macroeconomic Policy Frameworks for Resource-Rich Developing Countries - Background Paper 1, (USA: International Monetary Fund, 0) accessed November 21, 2024

Summary

This paper provides deeper insights on a few themes with regard to the experience with macroeconomic management in resource-rich developing countries (RRDCs). First, some stylized facts on the performance of these economies relative to their non-resource peers are provided. Second, the experience of Fund engagement in these economies with respect to surveillance, programs, and technical assistance is assessed. Third, the experience of selected countries with good practices in the management of the natural resource wealth is presented. Fourth, the experience of IMF advice in helping RRDCs set up resource funds is discussed. Finally, the main themes and messages from the IMF staff consultation with external stakeholders (CSOs, policy makers, academics) are presented.

Subject: Background papers, Botswana, Chile, Conditionality, Developing countries, Fiscal policy, Mongolia, Natural resources, Oil revenues, Sovereign wealth funds, Technical assistance, Timor-Leste

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