Bella, Gabriel Di; Norton, Lawrence; Ntamatungiro, Joseph; … - International Monetary Fund (IMF) - 2015
The oil price decline creates an opportunity to dismantle energy subsidies, which escalated with high oil prices. This … paper assesses energy subsidies in Latin America and the Caribbean—about 1.8 percent of GDP in 2011–13 (approximately … subsidize electricity, as are Central America and the Caribbean. Energy subsidies impose fiscal costs, hurting SOEs …