Di Bella, Gabriel.
Energy Subsidies in Latin America and the Caribbean Stocktaking and Policy Challenges / Gabriel Di Bella. [electronic resource] : Gabriel Di Bella. - Washington, D.C. : International Monetary Fund, 2015. - 1 online resource (79 p.) - IMF Working Papers; Working Paper ; No. 15/30 . - IMF Working Papers; Working Paper ; No. 15/30 .
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.
1484365364 : 18.00 USD
1018-5941
10.5089/9781484365366.001 doi
Electricity
Energy Subsidies
Fuel
Oil
Prices
Antigua and Barbuda
Dominican Republic
Haiti
Latin America and the Caribbean
Nicaragua
Venezuela, República Bolivariana de
Energy Subsidies in Latin America and the Caribbean Stocktaking and Policy Challenges / Gabriel Di Bella. [electronic resource] : Gabriel Di Bella. - Washington, D.C. : International Monetary Fund, 2015. - 1 online resource (79 p.) - IMF Working Papers; Working Paper ; No. 15/30 . - IMF Working Papers; Working Paper ; No. 15/30 .
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.
1484365364 : 18.00 USD
1018-5941
10.5089/9781484365366.001 doi
Electricity
Energy Subsidies
Fuel
Oil
Prices
Antigua and Barbuda
Dominican Republic
Haiti
Latin America and the Caribbean
Nicaragua
Venezuela, República Bolivariana de