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How Wealthy is Mozambique after the Discovery of Coal and Gas? Measuring Wealth in Mozambique Using the Wealth Accounting Framework

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dc.contributor.authorArmas, Enrique Blanco
dc.contributor.authorFisker, Peter
dc.contributor.authorNaikal, Esther
dc.date.accessioned2014-04-16T15:28:51Z
dc.date.available2014-04-16T15:28:51Z
dc.date.issued2014-01
dc.description.abstractThe objective of this policy note is to inform policy discussions around the management of natural resources and reforms needed to translate natural capital into other forms of capital, and it does so by using the wealth accounting framework. Wealth (e.g. in the form of natural resources) may or may not translate into sustained flows of income in the long run. The extent to which natural capital translates into other forms of capital from which to derive a sustainable income stream is what lies at the heart of natural resources management and what differentiates successful natural resource rich countries from less successful ones. The outcome of the process depends on institutional capacity and political decisions along the way. Experience shows that the quality of governance and institutional capability are a key for countries to be able to translate natural capital into other forms of capital in an effective way. According to a variety of governance indicators, Mozambique's institutions are relatively weak, raising concerns about the country's ability to manage natural resources well. But Mozambique can also build on significant progress in some areas. Democratic elections, free press and a vocal civil society suggest of a gradual strengthening of institutions. Although the main audience of this policy note is Mozambican policy makers - the discussion around management of natural resources needs to be much broader, and as such civil society, private sector and the international community may also find the note useful.en
dc.identifierhttp://documents.worldbank.org/curated/en/2014/01/19264071/wealthy-mozambique-after-discovery-coal-gas-measuring-wealth-mozambique-using-wealth-accounting-framework-policy-note
dc.identifier.doi10.1596/17833
dc.identifier.urihttps://hdl.handle.net/10986/17833
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectBUDGETING
dc.subjectCAPACITY CONSTRAINTS
dc.subjectCOMMODITY PRICE
dc.subjectCOMMODITY PRICES
dc.subjectCONTINGENT LIABILITIES
dc.subjectDEBT
dc.subjectDEVELOPMENT BANK
dc.subjectEXPENDITURE
dc.subjectFINANCIAL MANAGEMENT
dc.subjectFISCAL POLICY
dc.subjectGOVERNMENT REVENUES
dc.subjectINVESTMENT PROJECTS
dc.subjectMACROECONOMIC STABILITY
dc.subjectPRICE VOLATILITY
dc.subjectPUBLIC INVESTMENTS
dc.subjectPUBLIC SAVINGS
dc.subjectPUBLIC SPENDING
dc.subjectREAL EXCHANGE RATE
dc.subjectRETURNS
dc.subjectTRANSPARENCY
dc.titleHow Wealthy is Mozambique after the Discovery of Coal and Gas? Measuring Wealth in Mozambique Using the Wealth Accounting Frameworken
dspace.entity.typePublication
okr.date.disclosure2014-03-19
okr.date.doiregistration2025-05-07T12:26:06.151671Z
okr.doctypeEconomic & Sector Work::Policy Note
okr.docurlhttp://documents.worldbank.org/curated/en/2014/01/19264071/wealthy-mozambique-after-discovery-coal-gas-measuring-wealth-mozambique-using-wealth-accounting-framework-policy-note
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeFinance and Markets
okr.globalpracticeGovernance
okr.globalpracticeTrade and Competitiveness
okr.guid222541468062954556
okr.identifier.externaldocumentum000333037_20140319161614
okr.identifier.internaldocumentum19264071
okr.identifier.report86086
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2014/03/19/000333037_20140319161614/Rendered/PDF/860860WP0p13180s0Policy0Note0140128.pdfen
okr.region.administrativeAfrica
okr.region.countryMozambique
okr.sectorPublic Administration, Law, and Justice :: Central government administration
okr.themeEconomic management :: Analysis of economic growth
okr.themeEconomic management :: Debt management and fiscal sustainability
okr.themeEconomic management :: Macroeconomic management
okr.themePublic sector governance :: Public expenditure, financial management and procurement
okr.themePublic sector governance :: Other accountability/anti-corruption
okr.topicFinance and Financial Sector Development::Access to Finance
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicEconomic Theory and Research
okr.topicPublic Sector Management and Reform
okr.topicPrivate Sector Development::Emerging Markets
okr.topicPublic Sector Development
okr.topicMacroeconomics and Economic Growth
okr.unitAFT: PREM 1 (AFTP1)
okr.volume1 of 1
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