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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 pe...
| Clasificación: | Libro Electrónico |
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| Autor Corporativo: | |
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| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
[Washington, D.C.] :
International Monetary Fund,
©2015.
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| Colección: | IMF working paper ;
WP/15/30. |
| Temas: | |
| Acceso en línea: | Texto completo |
| Sumario: | 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.--Abstract. |
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| Notas: | "Prepared by Gabriel Di Bella, Lawrence Norton, Joseph Ntamatungiro, Sumiko Ogawa, Issouf Samaké, and Marika Santoro." "February 2015." "Western Hemisphere Department." |
| Descripción Física: | 1 online resource (79 pages) : color illustrations |
| Bibliografía: | Includes bibliographical references (pages 75-79). |
| ISBN: | 9781498379915 1498379915 1484365364 9781484365366 |
| ISSN: | 1018-5941 ; |