Managing the Oil Revenue Boom

Oil-producing countries have received a windfall from rapidly rising oil prices. In this ""Occasional Paper"", IMF experts examine the fiscal response of oil-producing countries to the recent oil boom and the role of special fiscal institutions (SFIs) in fiscal management. They review the experiences of selected countries and draw some general lessons. In doing so, they link findings on best practice in the design of SFIs with broader fiscal management advice.