Weathering the Storm So Far : The Impact of the 2003–05 Oil Shock on Low-Income Countries

The Impact of the 2003–05 Oil Shock on Low-Income Countries

Weathering the Storm So Far : The Impact of the 2003–05 Oil Shock on Low-Income Countries
This paper examines the impact of the 2003-05 oil price increase on the balance of payments positions and IMF financing needs of low-income country oil importers. It finds that stronger exports reflecting favorable global conditions, a compression of oil import volumes due to the pass-through of world prices to domestic consumers, and a large... READ MORE...

Publication date: July 2006
ISBN 9781451864311
$15.00

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Publication date: July 2006

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Publication date: July 2006

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