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
• Edizione: 1st ed.
• 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; Banking; Banks and Banking; Banks and banking; Banks; Commodities; Comparison of Public and Private Enterprises and Nonprofit Institutions; Contracting Out; Debts, External; Depository Institutions; Economic sectors; Electric Utilities; Electric utilities; Electricity; Energy and the Macroeconomy; Energy industries; Energy sector; Exports and Imports; External debt; Fiscal Policy; Industries: Energy; International economics; International Lending and Debt Problems; International Monetary Arrangements and Institutions; International Trade Organizations; Investment & securities; Investments: Energy; Macroeconomics; Micro Finance Institutions; Mining, Extraction, and Refining: Hydrocarbon Fuels; Mortgages; Petroleum, oil & gas industries; Privatization; Public finance & taxation; Socialist Systems and Transitional Economies: Planning, Coordination, and Reform; Structure, Scope, and Performance of Government; Tariff; Tariffs; Taxation; Taxes; Trade Policy
• 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: 9786613825032; 9781462318537; 1462318533; 9781452771342; 1452771340; 9781283512589; 1283512580; 9781451908398; 1451908393
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Lingua di pubblicazione: Inglese
• Record Nr.: 9910959028903321
• Lo trovi qui: Univ. Federico II
• Serie: IMF Working Papers; Working Paper ; ; No. 2006/043