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...

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Körperschaft: International Monetary Fund. Western Hemisphere Department
Weitere Verfasser: Di Bella, Gabriel
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: [Washington, D.C.] : International Monetary Fund, ©2015.
Schriftenreihe:IMF working paper ; WP/15/30.
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Zusammenfassung: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.
Beschreibung:"Prepared by Gabriel Di Bella, Lawrence Norton, Joseph Ntamatungiro, Sumiko Ogawa, Issouf Samaké, and Marika Santoro."
"February 2015."
"Western Hemisphere Department."
Beschreibung:1 online resource (79 pages) : color illustrations
Bibliographie:Includes bibliographical references (pages 75-79).
ISBN:9781498379915
1498379915
1484365364
9781484365366
ISSN:1018-5941 ;

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