Quasi-fiscal deficits and energy conditionality in selected CIS countries /

Quasi-fiscal deficits and energy conditionality in selected CIS countries /

Saved in:
Bibliographic Details
Author / Creator:Saavalainen, Tapio, author.
Imprint:[Washington, D.C.] : International Monetary Fund, Middle East and Central Asia Dept., ©2006.
Description:1 online resource (35 pages) : illustrations
Language:English
Series:IMF working paper ; WP/06/43
IMF working paper ; WP/06/43.
Subject:Municipal services -- Former Soviet republics.
Government business enterprises -- Former Soviet republics.
Public utilities -- Former Soviet republics.
Deficit financing -- Former Soviet republics.
Deficit financing.
Government business enterprises.
Municipal services.
Public utilities.
Soviet Union -- Former Soviet republics.
Electronic books.
Electronic books.
Format: E-Resource U.S. Federal Government Document Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/12498973
Hidden Bibliographic Details
Other authors / contributors:Berge, Joy ten, author.
International Monetary Fund. Middle East and Central Asia Department.
ISBN:9781451908398
1451908393
Digital file characteristics:text file
Notes:Print version record.
Summary:Quasi-fiscal deficits of public utility companies are common in all member countries of the Commonwealth of Independent States (CIS). They constitute a significant impediment to efficient resource allocation and endanger macroeconomic stability. This paper presents a simple framework for measuring and monitoring such deficits and highlights their macroeconomic relevance. It reviews the progress under IMF conditionality aimed at correcting these imbalances during 1993-2003. The paper suggests that the extensive conditionality under the IMF-supported programs has yielded only limited progress in reducing the energy sector's financial imbalances. In conclusion, different policy options are discussed in light of the lessons learned.

Similar Items

Similar Items