Energy Subsidies in Latin America and the Caribbean : Stocktaking and Policy Challenges /

The oil price decline creates an opportunity to dismantle energy subsidies, which escalated with high oil prices. This paper assesses energy subsidies in Latin America and the Caribbean-about 1.8 percent of GDP in 2011-13 (approximately evenly split between fuel and electricity), and about 3.8 perce...

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Autor principal: Di Bella, Gabriel
Altres autors: Norton, Lawrence, Ntamatungiro, Joseph, Ogawa, Sumiko
Format: Revista
Idioma:English
Publicat: Washington, D.C. : International Monetary Fund, 2015.
Col·lecció:IMF Working Papers; Working Paper ; No. 2015/030
Accés en línia:Full text available on IMF
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100 1 |a Di Bella, Gabriel. 
245 1 0 |a Energy Subsidies in Latin America and the Caribbean :   |b Stocktaking and Policy Challenges /  |c Gabriel Di Bella, Lawrence Norton, Joseph Ntamatungiro, Sumiko Ogawa. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2015. 
300 |a 1 online resource (79 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a The oil price decline creates an opportunity to dismantle energy subsidies, which escalated with high oil prices. This paper assesses energy subsidies in Latin America and the Caribbean-about 1.8 percent of GDP in 2011-13 (approximately evenly split between fuel and electricity), and about 3.8 percent of GDP including negative externalities. Countries with poorer institutions subsidize more. Energy-rich countries subsidize fuel more, but low-income countries are more likely to subsidize electricity, as are Central America and the Caribbean. Energy subsidies impose fiscal costs, hurting SOEs, competitiveness, and distribution. The paper overviews country experience with subsidy reform, drawing lessons. 
538 |a Mode of access: Internet 
700 1 |a Norton, Lawrence. 
700 1 |a Ntamatungiro, Joseph. 
700 1 |a Ogawa, Sumiko. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2015/030 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2015/030/001.2015.issue-030-en.xml  |z IMF e-Library