Courses
Reforming Fuel Subsidies (RFS)
January 28th to February 1st, 2024
This course, presented by the Fiscal Affairs Department, explores recent developments in subsidy spending on fuel products, their macroeconomic impact, and their social implications. Building on country-specific case studies, the course elaborates on key elements of successful reforms, such as measures to protect low-income groups adversely affected by lower subsidies, implementing an automatic pricing mechanism, and designing an effective communication strategy. The course also disseminates tools for measuring subsidies and assessing their distributional impact as well as alternative fuel pricing mechanisms that can help smooth the transmission of international fuel prices to domestic prices while protecting the budget. Participants may be asked to make presentations on their own country’s experience in setting fuel prices and reforming subsidies.
