LEADER 06390oam 22015854 450 001 9910788417203321 005 20230828232725.0 010 $a1-4623-1853-3 010 $a1-4527-7134-0 010 $a1-283-51258-0 010 $a1-4519-0839-3 010 $a9786613825032 035 $a(CKB)3360000000443495 035 $a(EBL)3014356 035 $a(SSID)ssj0000943032 035 $a(PQKBManifestationID)11967158 035 $a(PQKBTitleCode)TC0000943032 035 $a(PQKBWorkID)10994195 035 $a(PQKB)11049401 035 $a(OCoLC)712989251 035 $a(MiAaPQ)EBC3014356 035 $a(IMF)WPIEE2006043 035 $a(EXLCZ)993360000000443495 100 $a20020129d2006 uf 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aQuasi-Fiscal Deficits and Energy Conditionality in Selected CIS Countries /$fTapio Saavalainen, Joy Mylène Berge 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2006. 215 $a1 online resource (37 p.) 225 1 $aIMF Working Papers 300 $a"February 2006". 311 $a1-4518-6303-9 327 $a""Contents""; ""I. INTRODUCTION""; ""II. MEASURING THE QUASI-FISCAL DEFICIT""; ""III. MACROECONOMIC RELEVANCE OF QUASI-FISCAL DEFICITS""; ""IV. ENERGY SECTOR CONDITIONALITY""; ""V. OUTCOMES AND LESSONS LEARNED""; ""VI. POLICY OPTIONS""; ""VII. EPILOGUE""; ""References"" 330 3 $aQuasi-fiscal deficits of public utility companies are common in all member countries of the Commonwealth of Independent States (CIS). They constitute a significant impediment to efficient resource allocation and endanger macroeconomic stability. This paper presents a simple framework for measuring and monitoring such deficits and highlights their macroeconomic relevance. It reviews the progress under IMF conditionality aimed at correcting these imbalances during 1993-2003. The paper suggests that the extensive conditionality under the IMF-supported programs has yielded only limited progress in reducing the energy sector's financial imbalances. In conclusion, different policy options are discussed in light of the lessons learned. 410 0$aIMF Working Papers; Working Paper ;$vNo. 2006/043 606 $aMunicipal services$zFormer Soviet republics 606 $aGovernment business enterprises$zFormer Soviet republics 606 $aPublic utilities$zFormer Soviet republics 606 $aDeficit financing$zFormer Soviet republics 606 $aBanks and Banking$2imf 606 $aInvestments: Energy$2imf 606 $aMacroeconomics$2imf 606 $aTaxation$2imf 606 $aIndustries: Energy$2imf 606 $aExports and Imports$2imf 606 $aMining, Extraction, and Refining: Hydrocarbon Fuels$2imf 606 $aFiscal Policy$2imf 606 $aSocialist Systems and Transitional Economies: Planning, Coordination, and Reform$2imf 606 $aInternational Monetary Arrangements and Institutions$2imf 606 $aStructure, Scope, and Performance of Government$2imf 606 $aTrade Policy$2imf 606 $aInternational Trade Organizations$2imf 606 $aEnergy and the Macroeconomy$2imf 606 $aElectric Utilities$2imf 606 $aComparison of Public and Private Enterprises and Nonprofit Institutions$2imf 606 $aPrivatization$2imf 606 $aContracting Out$2imf 606 $aBanks$2imf 606 $aDepository Institutions$2imf 606 $aMicro Finance Institutions$2imf 606 $aMortgages$2imf 606 $aInternational Lending and Debt Problems$2imf 606 $aPublic finance & taxation$2imf 606 $aPetroleum, oil & gas industries$2imf 606 $aInvestment & securities$2imf 606 $aBanking$2imf 606 $aInternational economics$2imf 606 $aTariffs$2imf 606 $aEnergy sector$2imf 606 $aElectricity$2imf 606 $aTaxes$2imf 606 $aEconomic sectors$2imf 606 $aCommodities$2imf 606 $aExternal debt$2imf 606 $aTariff$2imf 606 $aEnergy industries$2imf 606 $aElectric utilities$2imf 606 $aBanks and banking$2imf 606 $aDebts, External$2imf 607 $aKyrgyz Republic$2imf 615 0$aMunicipal services 615 0$aGovernment business enterprises 615 0$aPublic utilities 615 0$aDeficit financing 615 7$aBanks and Banking 615 7$aInvestments: Energy 615 7$aMacroeconomics 615 7$aTaxation 615 7$aIndustries: Energy 615 7$aExports and Imports 615 7$aMining, Extraction, and Refining: Hydrocarbon Fuels 615 7$aFiscal Policy 615 7$aSocialist Systems and Transitional Economies: Planning, Coordination, and Reform 615 7$aInternational Monetary Arrangements and Institutions 615 7$aStructure, Scope, and Performance of Government 615 7$aTrade Policy 615 7$aInternational Trade Organizations 615 7$aEnergy and the Macroeconomy 615 7$aElectric Utilities 615 7$aComparison of Public and Private Enterprises and Nonprofit Institutions 615 7$aPrivatization 615 7$aContracting Out 615 7$aBanks 615 7$aDepository Institutions 615 7$aMicro Finance Institutions 615 7$aMortgages 615 7$aInternational Lending and Debt Problems 615 7$aPublic finance & taxation 615 7$aPetroleum, oil & gas industries 615 7$aInvestment & securities 615 7$aBanking 615 7$aInternational economics 615 7$aTariffs 615 7$aEnergy sector 615 7$aElectricity 615 7$aTaxes 615 7$aEconomic sectors 615 7$aCommodities 615 7$aExternal debt 615 7$aTariff 615 7$aEnergy industries 615 7$aElectric utilities 615 7$aBanks and banking 615 7$aDebts, External 700 $aSaavalainen$b Tapio$01546599 701 $aBerge$b Joy Mylène$01546600 712 02$aInternational Monetary Fund.$bMiddle East and Central Asia Dept. 801 0$bDcWaIMF 906 $aBOOK 912 $a9910788417203321 996 $aQuasi-Fiscal Deficits and Energy Conditionality in Selected CIS Countries$93802308 997 $aUNINA