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Does Colombia Have the Right Plan for Oil & Gas Reforms?

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Please use this identifier to cite or link to this item: http://hdl.handle.net/1928/11630

Does Colombia Have the Right Plan for Oil & Gas Reforms?

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Title: Does Colombia Have the Right Plan for Oil & Gas Reforms?
Subject(s): Juan Manuel Santos
constitutional reform
proposal
mining
royalties
revenues
natural
resources
Hernan Arizmendi
nonrenewable
assets
fiscal
tax
macro-social
economic
bill
the guerrillas
Heather Berkman
energy
controversial
reform
Enrique Gomez-Pinzon
structural
problem
exploitation
development level
GDP
Central Bank
Abstract: The administration of Colombian President Juan Manuel Santos submitted a constitutional reform proposal to Congress on Aug. 30 that seeks to "more equitably distribute" oil and mining royalties. Amid projections that revenues from those sectors will surge, the proposed reforms would allocate royalties more evenly across regions, rather than the current concentration in oil-producing states, and create a stabilization fund overseen by the central bank. Is the measure likely to pass and, if so, with what changes? What effects would the reform bill have on long-term financial stability? How does Colombia's strategy to manage revenues from natural resources compare to efforts made by other countries in the region?
Date: 2010-10-04
URI: http://hdl.handle.net/1928/11630

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