Designing a Fiscal Framework for a Prospective Commodity Producer

In: IMF Working Papers v.Working Paper No. 14/193

Abstract

Lebanon is expected to have gas resources in its Mediterranean basin, and these could turn thecountry into a natural gas producer over the next decade. Lebanon's economy and institutions will thus need to adapt to the challenges and opportunities that such change will bring. In this paper, we address how Lebanon's fiscal framework will need to be reformulated to take into account potential resource revenue. Designing a fiscal regime appropriately is an absolute prerequisite to make sure the government can receive a fair share of the resources while investors face appropriate incentives to inve

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Designing a Fiscal Framework for a Prospective Commodity Producer

In: IMF Working Paper 14/193

In: IMF Working Papers v.Working Paper No. 14/193

Jarmuzek, Mariusz; Mesa Puyo, Diego; Nakhle, Najla

Jarmuzek, Mariusz; Mesa Puyo, Diego; Nakhle, Najla

Abstract

Lebanon is expected to have gas resources in its Mediterranean basin, and these could turn thecountry into a natural gas producer over the next decade. Lebanon's economy and institutions will thus need to adapt to the challenges and opportunities that such change will bring. In this paper, we address how Lebanon's fiscal framework will need to be reformulated to take into account potential resource revenue. Designing a fiscal regime appropriately is an absolute prerequisite to make sure the government can receive a fair share of the resources while investors face appropriate incentives to inve

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