Boakye, DanielDessus, SébastienFoday, YusufOppong, Felix2012-06-292012-06-292012-06https://hdl.handle.net/10986/9320Promoting sustainable development calls for investing rents from exhaustible mineral resources into human, physical and social capital, so as to protect the wealth of countries and the economic opportunities of their citizens. This has been difficult in well-governed Ghana in the last decade; and might prove to be extremely challenging in post-conflict countries such as Liberia and Sierra Leone, where preference for the present is high and institutions to collect rents and convert them into effective investments weak. The paper reviews the countries' degrees of preparedness to confront the various challenges associated with ongoing mineral booms, and tries to identify country-specific policy areas of particular relevance and potential impact for sustainable development.CC BY 3.0 IGOACCOUNTINGAGRICULTUREAMORTIZATIONARREARSAUCTIONAUCTIONSBALANCE OF PAYMENTSBANK FINANCINGBENCHMARKBENCHMARKSBIDBORROWING STRATEGYBROAD MONEYBUDGET CONSTRAINTBUDGETINGBUSINESS CYCLESCAPACITY BUILDINGCAPITAL GAINCAPITAL GAINSCAPITAL INFLOWSCASH FLOWSCENTRAL BANKCHECKSCOLLATERALCOLLECTIVE ACTIONSCOLLUSIONCOMMODITY PRICECOMMODITY PRICESCOMPETITIVENESSCOMPLIANCE GAPCONFLICT OF INTERESTCONTINGENT LIABILITIESCORPORATE INCOME TAXCORPORATE PROFITSCREDIBILITYCURRENCY COMPOSITIONCURRENT ACCOUNT DEFICITDAMAGESDEBTDEBT INSTRUMENTSDEBT MANAGEMENTDEBT RELIEFDEBT SERVICEDEFICIT FINANCINGDEPOSITSDEVELOPMENT ASSISTANCEDEVELOPMENT BANKDEVELOPMENT ECONOMICSDEVELOPMENT POLICIESDEVELOPMENT POLICYDEVELOPMENT STRATEGIESDEVELOPMENT STRATEGYDISBURSEMENTSDISCOUNT RATEDISCOUNT RATESDISPOSABLE INCOMEDIVIDENDSDOMESTIC BORROWINGECONOMIC DEVELOPMENTECONOMIC GROWTHECONOMICS LITERATUREECONOMIES OF SCALEELECTRICITYEQUIPMENTEQUIPMENTSEVASIONEXPENDITUREEXPENDITURESEXPORTEREXPORTSEXTERNAL BORROWINGEXTERNAL DEBTFINANCIAL ACCOUNTINGFINANCIAL INSTRUMENTSFINANCIAL MANAGEMENTFINANCIAL MANAGEMENT CAPACITYFISCAL DEFICITFISCAL POLICYFISCAL RESPONSIBILITYFISCAL SURPLUSFIXED CAPITALFLEXIBLE EXCHANGE RATEFORECASTSFOREIGN CAPITALFOREIGN CURRENCYFOREIGN DIRECT INVESTMENTSFOREIGN EXCHANGEFOREIGN INVESTORSFRAUDGDPGLOBAL MARKETGOVERNMENT BUDGETINGGOVERNMENT DEBTGOVERNMENT EXPENDITUREGOVERNMENT EXPENDITURESGOVERNMENT GUARANTEESGOVERNMENT REVENUEGOVERNMENT REVENUESGROSS NATIONAL SAVINGSGROWTH RATEGROWTH WITHOUT DEVELOPMENTHOLDINGHOLDINGSHOST GOVERNMENTHUMAN CAPITALHUMAN DEVELOPMENTHUMAN RESOURCEINCOME TAXINFLATIONINFORMATION SYSTEMINFRASTRUCTURE DEVELOPMENTINSTITUTIONAL CAPACITYINSTRUMENTINSURANCEINTERGOVERNMENTAL TRANSFERINTERNAL AUDITINTERNAL AUDITSINTERNATIONAL BANKINTERNATIONAL STANDARDINVESTINGINVESTMENT CLIMATEINVESTMENT DECISIONSINVESTMENT FINANCEINVESTMENT PROJECTSINVESTMENT SPENDINGLEASE AGREEMENTSLEGAL FRAMEWORKLEGAL OBLIGATIONSLENDERSLICENSESLIQUIDITYLIQUIDITY MANAGEMENTLIVING STANDARDSLOCAL ECONOMYM2MACROECONOMIC ENVIRONMENTMACROECONOMIC INSTABILITYMACROECONOMIC MANAGEMENTMACROECONOMIC POLICYMACROECONOMIC RISKSMACROECONOMIC STABILITYMACROECONOMIC UNCERTAINTYMARGINAL VALUEMIDDLE INCOME COUNTRYMONETARY FUNDMONETARY POLICIESMONETARY POLICYMONEY SUPPLYMULTIPLIER EFFECTSNATIONAL INCOMENATIONAL SAVINGSNATURAL CAPITALOIL PRICEOIL PRICESOIL RESERVESOPPORTUNITY COSTPERFECT INFORMATIONPERSONAL INCOMEPOLITICAL ECONOMYPOLITICAL RISKSPRICE FLUCTUATIONSPRICE VOLATILITYPRIVATE INVESTMENTPRIVATE INVESTORSPRIVATE SECTORPRIVATE SECTOR PARTICIPATIONPRODUCTION COSTSPRODUCTIVE INVESTMENTSPROVISIONSPUBLICPUBLIC BORROWINGPUBLIC DEBTPUBLIC DEBT MANAGEMENTPUBLIC EXPENDITUREPUBLIC EXPENDITURE PRIORITIESPUBLIC GOODSPUBLIC INVESTMENTPUBLIC INVESTMENT PROGRAMSPUBLIC INVESTMENTSPUBLIC PRIVATE PARTNERSHIPSPUBLIC RESOURCESPUBLIC REVENUESPUBLIC SAVINGSPUBLIC SECTORPUBLIC SPENDINGPURCHASING POWERRATES OF RETURNSREAL EXCHANGE RATEREAL INTERESTREAL INTEREST RATEREAL INTEREST RATESREGULATORY AUTHORITYREGULATORY FRAMEWORKREGULATORY FRAMEWORKSREGULATORY REGIMESRENEGOTIATIONREPAYMENTSRESERVERESERVESRESOURCE ALLOCATIONRETURNREVENUE COLLECTIONREVENUE MANAGEMENTROADSSAVINGS RATESOCIAL CAPITALTAXTAX CODETAX COLLECTIONTAX EXEMPTIONSTAX POLICYTAX REGIMETAX REVENUETECHNICAL ASSISTANCETOTAL OUTPUTTRANSPARENCYTREASURYTREASURY BILLUTILITIESVALUATIONVOTERSWAGESWEALTHWITHHOLDING TAXWorld Bankhttps://doi.org/10.1596/1813-9450-6089