Bacon, RobertTordo, Silvana2012-08-132012-08-132006-02Viewpoint note. -- No. 302 (February 2006). Public policy for the private sectorhttps://hdl.handle.net/10986/11197Resource flows from extractive industries can be a lifeline for postconflict countries, helping to fund critical reconstruction needs. But these resources present issues not found elsewhere in the economy and need to be well managed. Sector governance principles that apply to oil-producing countries in general are even more important in postconflict countries. This note discusses these principles and shows how they apply in two cases, Timor-Leste and Sudan.CC BY 3.0 IGOACCOUNTABILITYALLOCATIONBANKING SECTORBENEFICIARYCAPACITY BUILDINGCENTRAL GOVERNMENTCENTRAL GOVERNMENT REVENUECIVIL SERVICECRUDE OILCRUDE OIL PRICESDEVELOPING COUNTRIESECONOMIC GROWTHECONOMIC RECOVERYENTITLEMENTSENVIRONMENTAL IMPACTEQUITABLE DISTRIBUTIONEXHAUSTIBLE RESOURCESEXPENDITUREEXPENDITURE PLANEXPENDITURE PLANNINGEXPENDITURESEXPORT PIPELINEEXTRACTIVE INDUSTRIESEXTRACTIVE INDUSTRIES TRANSPARENCY INITIATIVEFINANCIAL MARKETSGASGAS FIELDSGAS RESERVESGOVERNMENT REVENUEGOVERNMENT REVENUESINCOMEINCOME LEVELSINFRASTRUCTURE INVESTMENTSINSTITUTIONAL ARRANGEMENTSINTERNATIONAL OIL COMPANIESLOCAL MARKETMACROECONOMIC FRAMEWORKMILLION BARRELSMINERALSMINING POLICYMONETARY FUNDNATURAL RESOURCESOILOIL AND GASOIL AND GAS SECTOROIL COMPANIESOIL PRICESOIL PRODUCTIONOIL REVENUESOIL SECTOROIL-PRODUCING COUNTRIESPER CAPITA INCOMEPETROLEUMPETROLEUM SECTORPHYSICAL INFRASTRUCTUREPOLITICAL STABILITYPRIVATE SECTORPUBLICPUBLIC EXPENDITUREPUBLIC FINANCEPUBLIC INFORMATIONPUBLIC POLICYPUBLIC SAVINGPUBLIC SPENDINGRESERVESRESOURCE FLOWSRESOURCE RENTSRESOURCE REVENUESREVENUE FLOWSREVENUE MANAGEMENTREVENUE SHARINGREVENUE SOURCESREVENUE VOLATILITYREVENUES FROM OILSECTOR MINISTRYSETTLEMENTSTEELSTREAMTAXTAX REVENUESTRANSPARENCYTREASURYUNCERTAINTYWorld Bank10.1596/11197