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Fiscal Analysis of Resource Industries (FARI)

Publication date:

2 015

Source:

IMF

Source URL:

IMF

Source URL:

http://www.imf.org/external/index.htm

Publication type:

Guide Toolkit Guidelines Training

Publication URL:

Go to resource

Publication URL:

http://www.imf.org/external/np/fad/fari/index.htm

Negotiation stage:

2. Pre-Negotiation 3. Contract Negotiation

Sector:

Extractive Industries Investment Mining Oil & Gas

Long description:

Proper evaluation of fiscal regimes for extractive industries (EI) requires economic and financial analysis at the project level. This website introduces key concepts and methodology used by the Fiscal Affairs Department (FAD) in its fiscal analysis of resource industries (FARI) framework. FARI is primarily used in advisory work by FAD on fiscal regime design. In parallel to that, FARI has also been used for revenue forecasting, to analyze revenue management issues (including quantification of fiscal rules), and to better integrate the EI sector in the country macroeconomic frameworks. Looking forward, the model presents a useful tool for revenue administration practitioners, allowing them to compare actual, realized revenues with model results in tax gap analysis.

Region:

Africa Asia North & South America Europe Australia

Topics:

Fiscal Regime Negotiations

Categories:

Fiscal Tools

Languages:

English