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

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collection.link.214
https://openknowledge.worldbank.org/handle/10986/11872
collection.name.214
Policy Notes
dc.contributor.author
Armas, Enrique Blanco
dc.contributor.author
Fisker, Peter
dc.contributor.author
Naikal, Esther
dc.date.accessioned
2014-04-16T15:28:51Z
dc.date.available
2014-04-16T15:28:51Z
dc.date.issued
2014-01
dc.date.lastModified
2021-04-23T14:03:40Z
dc.description.abstract
The 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.identifier
http://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.uri
http://hdl.handle.net/10986/17833
dc.language
English
dc.language.iso
en_US
dc.publisher
World Bank, Washington, DC
dc.rights
CC BY 3.0 IGO
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo/
dc.subject
BUDGETING
dc.subject
CAPACITY CONSTRAINTS
dc.subject
COMMODITY PRICE
dc.subject
COMMODITY PRICES
dc.subject
CONTINGENT LIABILITIES
dc.subject
DEBT
dc.subject
DEVELOPMENT BANK
dc.subject
EXPENDITURE
dc.subject
FINANCIAL MANAGEMENT
dc.subject
FISCAL POLICY
dc.subject
GOVERNMENT REVENUES
dc.subject
INVESTMENT PROJECTS
dc.subject
MACROECONOMIC STABILITY
dc.subject
PRICE VOLATILITY
dc.subject
PUBLIC INVESTMENTS
dc.subject
PUBLIC SAVINGS
dc.subject
PUBLIC SPENDING
dc.subject
REAL EXCHANGE RATE
dc.subject
RETURNS
dc.subject
TRANSPARENCY
dc.title
How Wealthy is Mozambique after the Discovery of Coal and Gas? Measuring Wealth in Mozambique Using the Wealth Accounting Framework
en
okr.date.disclosure
2014-03-19
okr.doctype
Economic & Sector Work :: Policy Note
okr.docurl
http://documents.worldbank.org/curated/en/2014/01/19264071/wealthy-mozambique-after-discovery-coal-gas-measuring-wealth-mozambique-using-wealth-accounting-framework-policy-note
okr.globalpractice
Macroeconomics and Fiscal Management
okr.globalpractice
Finance and Markets
okr.globalpractice
Governance
okr.globalpractice
Trade and Competitiveness
okr.googlescholar.linkpresent
yes
okr.identifier.externaldocumentum
000333037_20140319161614
okr.identifier.internaldocumentum
19264071
okr.identifier.report
86086
okr.language.supported
en
okr.pdfurl
http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2014/03/19/000333037_20140319161614/Rendered/PDF/860860WP0p13180s0Policy0Note0140128.pdf
en
okr.region.administrative
Africa
okr.region.country
Mozambique
okr.sector
Public Administration, Law, and Justice :: Central government administration
okr.theme
Economic management :: Analysis of economic growth
okr.theme
Economic management :: Debt management and fiscal sustainability
okr.theme
Economic management :: Macroeconomic management
okr.theme
Public sector governance :: Public expenditure, financial management and procurement
okr.theme
Public sector governance :: Other accountability/anti-corruption
okr.topic
Finance and Financial Sector Development :: Access to Finance
okr.topic
Finance and Financial Sector Development :: Debt Markets
okr.topic
Economic Theory and Research
okr.topic
Public Sector Management and Reform
okr.topic
Private Sector Development :: Emerging Markets
okr.topic
Public Sector Development
okr.topic
Macroeconomics and Economic Growth
okr.unit
AFT: PREM 1 (AFTP1)
okr.volume
1 of 1

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