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

March 16, 2010

Preview Citation

Format: Chicago

Stefania Fabrizio. Coping with the Global Financial Crisis: Challenges Facing Low-Income Countries, (USA: International Monetary Fund, 2010) accessed November 21, 2024

Disclaimer: The views expressed herein are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.

Summary

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.

Subject: Balance of payments, Commodity prices, Debt burden, Debt sustainability, Debt sustainability analysis, External debt, Financial crises, Foreign direct investment, Prices

Keywords: Asia and Pacific, Burden indicator, Commodity prices, Debt, Debt burden, Debt distress, Debt sustainability, Debt sustainability analysis, Debt vulnerability, Distress rating, DP, DPPP, Economic growth, Financial support, Financing, Foreign direct investment, Foreign direct investment, Fund, Global, Headline inflation, Low-income country, Middle East, Sub-Saharan Africa, Targeted financing needs, Western Europe

Publication Details

Pages:

52
Volume:

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DOI:

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Issue:

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Series:

Departmental Paper No. 2010/003
Stock No:

CETCEA
ISBN:

9781589069299
ISSN:

2616-5333

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