Review of the Experience with Oil Stabilization and Savings Funds in Selected Countries

21 Pages Posted: 31 Jan 2006

See all articles by Ugo Fasano

Ugo Fasano

International Monetary Fund (IMF)

Date Written: June 2000

Abstract

The main purposes of this paper are to review the operational modalities and experience of oil funds currently in place in Norway, Chile (copper), the State of Alaska, Venezuela, Kuwait, and Oman, and to draw some preliminary conclusions on their contribution to enhance fiscal management. The outcome so far of their experience has been mixed, with differences among countries reflecting the variety of objectives attached to the funds, the challenges in adhering to established rules, the institutional set-up, and the soundness of the overall fiscal discipline in each country (or state).

Keywords: oil stabilization fund, oil savings fund, oil exporting countries, Chile's copper fund

JEL Classification: E62, H60

Suggested Citation

Fasano, Ugo, Review of the Experience with Oil Stabilization and Savings Funds in Selected Countries (June 2000). IMF Working Paper No. 00/112, Available at SSRN: https://ssrn.com/abstract=879846

Ugo Fasano (Contact Author)

International Monetary Fund (IMF) ( email )

700 19th Street NW
Washington, DC 20431
United States

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