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001 WPIEA2015030
003 IMF
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008 020129s2015 dcu o i00 0 eng d
020 _a1484365364 :
_c18.00 USD
020 _z9781484365366
022 _a1018-5941
024 7 _a10.5089/9781484365366.001
_2doi
035 _a(IMF)WPIEA2015030
040 _aDcWaIMF
_beng
100 1 _aDi Bella, Gabriel.
245 1 0 _aEnergy Subsidies in Latin America and the Caribbean
_h[electronic resource] :
_bStocktaking and Policy Challenges /
_cGabriel Di Bella.
260 _aWashington, D.C. :
_bInternational Monetary Fund,
_c2015.
300 _a1 online resource (79 p.)
490 1 _aIMF Working Papers; Working Paper ;
_vNo. 15/30
520 3 _aThe 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.
588 _aDescription based on print version record.
650 7 _aElectricity
_2imf
650 7 _aEnergy Subsidies
_2imf
650 7 _aFuel
_2imf
650 7 _aOil
_2imf
650 7 _aPrices
_2imf
651 7 _aAntigua and Barbuda
_2imf
651 7 _aDominican Republic
_2imf
651 7 _aHaiti
_2imf
651 7 _aLatin America and the Caribbean
_2imf
651 7 _aNicaragua
_2imf
651 7 _aVenezuela, República Bolivariana de
_2imf
700 1 _aNorton, Lawrence.
700 1 _aNtamatungiro, Joseph.
700 1 _aOgawa, Sumiko.
700 1 _aSamaké, Issouf.
700 1 _aSantoro, Marika.
776 0 8 _iPrint Version:
_aDi Bella, Gabriel.
_tEnergy Subsidies in Latin America and the Caribbean : Stocktaking and Policy Challenges
_dWashington, D.C. : International Monetary Fund, 2015.
_z9781484365366
830 0 _aIMF Working Papers; Working Paper ;
_vNo. 15/30
856 4 0 _uhttp://elibrary.imf.org/view/IMF001/22355-9781484365366/22355-9781484365366/22355-9781484365366.xml
_zIMF e-Library
856 4 0 _uhttp://www.imfbookstore.org/IMFORG/9781484365366
_zIMF Book Store
999 _c159232
_d159232