Quasi-Fiscal Deficits and Energy Conditionality in Selected CIS Countries / / Tapio Saavalainen, Joy Mylène Berge

• Autore: Saavalainen Tapio
• Pubblicazione: Washington, D.C. : , : International Monetary Fund, , 2006
• Descrizione fisica: 1 online resource (37 p.)
• Soggetto topico: Municipal services - Former Soviet republics; Government business enterprises - Former Soviet republics; Public utilities - Former Soviet republics; Deficit financing - Former Soviet republics; Banks and Banking; Investments: Energy; Macroeconomics; Taxation; Industries: Energy; Exports and Imports; Mining, Extraction, and Refining: Hydrocarbon Fuels; Fiscal Policy; Socialist Systems and Transitional Economies: Planning, Coordination, and Reform; International Monetary Arrangements and Institutions; Structure, Scope, and Performance of Government; Trade Policy; International Trade Organizations; Energy and the Macroeconomy; Electric Utilities; Comparison of Public and Private Enterprises and Nonprofit Institutions; Privatization; Contracting Out; Banks; Depository Institutions; Micro Finance Institutions; Mortgages; International Lending and Debt Problems; Public finance & taxation; Petroleum, oil & gas industries; Investment & securities; Banking; International economics; Tariffs; Energy sector; Electricity; Taxes; Economic sectors; Commodities; External debt; Tariff; Energy industries; Electric utilities; Banks and banking; Debts, External
• Soggetto geografico: Kyrgyz Republic
• Altri autori: BergeJoy Mylène
• Note generali: "February 2006".
• Nota di contenuto: ""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""
• Sommario/riassunto: Quasi-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.
• Titolo autorizzato: Quasi-Fiscal Deficits and Energy Conditionality in Selected CIS Countries
• ISBN: 1-4623-1853-3; 1-4527-7134-0; 1-283-51258-0; 1-4519-0839-3; 9786613825032
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Lingua di pubblicazione: Inglese
• Record Nr.: 9910788417203321
• Lo trovi qui: Univ. Federico II
• Serie: IMF Working Papers; Working Paper ; ; No. 2006/043