Coping with the Global Financial Crisis: Challenges Facing Low-Income Countries

Stefania Fabrizio

No 2010/003, IMF Departmental Papers / Policy Papers from International Monetary Fund

Abstract: This forthcoming title in the Departmental Paper Series describes the special challenges facing low-income countries as economic growth contracts by an estimated 1.1 percent globally. Coping with the Crisis: Challenges Facing Low-Income Countries provides an assessment of the implications of the financial crisis for low-income countries, evaluates the short-term macroeconomic outlook for these countries, and discusses the policy challenges they face. Chapters cover the outlook for global economic growth and commodity prices, an overview of how low-income countries have been affected, fiscal policy, monetary and exchange rate policy responses, potential external financing needs and how the international community, including the IMF, can help countries meet them. The challenges ahead for low-income countries are delineated, including debt vulnerabilities and the need for countries to develop well-regulated local capital markets and banking systems, as well as enhanced public sector efficiency.

Keywords: DPPP; DP; Low-income country; financing; debt; fund; financial support; debt distress; foreign direct investment; burden indicator; headline inflation; debt vulnerability; economic growth; targeted financing needs; distress rating; Debt sustainability; Debt sustainability analysis; Commodity prices; Debt burden; Foreign direct investment; Global; Sub-Saharan Africa; Asia and Pacific; Middle East; Western Europe (search for similar items in EconPapers)
Pages: 52
Date: 2010-03-16
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.imf.org/external/pubs/cat/longres.aspx?sk=23395 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:imf:imfdps:2010/003

Ordering information: This working paper can be ordered from
http://www.imf.org/external/pubs/pubs/ord_info.htm

Access Statistics for this paper

More papers in IMF Departmental Papers / Policy Papers from International Monetary Fund International Monetary Fund, Washington, DC USA. Contact information at EDIRC.
Bibliographic data for series maintained by Akshay Modi ().