This book addresses the need of oil-importing countries to mitigate vulnerability to oil price volatility. It offers financial instruments to manage price risk, complemented by structural measures designed to reduce oil consumption.

Countries heavily dependent on imported oil to power a significant portion of their electricity generation are especially vulnerable to high and volatile oil prices. In net oil-importing countries worldwide, high and volatile oil prices ripple through the power sector to numerous segments of the...

Economic growth in the Latin America and the Caribbean region has picked up considerably during the past decade or so. This growth has been aided by widespread (earlier and more recent) investments in power generation, transmission, and distribution that increased the provision of electricity...