This Selected Issues paper analyzes the unconventional energy boom in North America, and its macroeconomic implications … and challenges for Canada. The unconventional energy boom has had significant positive effects on Canada’s economic … potential output gains from a full market access of Canada’s energy products could reach about 2 percent of GDP over a 10-year …

investment for Kuwait under uncertainty. The results show that in the face of high oil income volatility and the expected decline … in oil prices, projected current spending exceeds the optimal amount over the medium term (2013–2018). However, there …

market. Short-term fluctuations in Saudi Arabia’s oil production have partially reflected attempts to stabilize the global … oil market. Saudi Arabia has on several occasions used its systemic role to raise production to fill global demand gaps …This Selected Issues paper on Saudi Arabia assesses Saudi Arabia’s role in the oil market and global economy. Saudi …

This 2013 Article IV Consultation highlights that the non-oil economy of the Democratic Republic of Timor-Leste has …

the regional security situation and lower than anticipated oil revenues imply large financing needs. There are significant … highly dependent on volatile oil revenue. …

run aging- related costs that peak only after oil production is largely over. …. The success of the oil sector has created new competitiveness challenges. The IMF report states that rapid increases in … oil wealth are also adding further pressures on the economy despite sound oil revenue management anchored by a fiscal rule …

and expenditure, oil and gas production and sales figures, employment by government sector and private sector, consumer …

performance was broadly positive, underpinned by buoyant international oil prices and prudent fiscal and monetary policies. The … creating fiscal space for much needed additional investment and social spending. Non-oil revenues need to be mobilized by …

in the oil market to promote global stability. Saudi Arabia raised oil production to a 30-year high to ensure demand was … largest crude oil exporter, and the only producer with significant spare capacity, Saudi Arabia plays a systemic and … stabilizing role in the global oil market. In 2011, Saudi Arabia formally committed through the G20 to use its systemic position …