Macroeconomic and Operational Challenges in Countries in Fragile Situations

June 15, 2011

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Macroeconomic and Operational Challenges in Countries in Fragile Situations, (USA: International Monetary Fund, 0) accessed November 23, 2024

Also available in: français

Summary

There is broad recognition that countries in fragile situations face unique challenges. While fragility may afflict countries at different levels of income and capacity, common features of fragile states are institutions that are seen to be weak and lack legitimacy, as well as a fractious political setting, which in turn elevates the risk of violence.

Fragilities impose large costs and hardships on local populations that can spill over to neighboring countries—directly through conflict, crime, and disease, but also through economic linkages. Considering these unique challenges, the international community is developing forms of engagement that stress peacebuilding, social cohesion, and statebuilding. They incorporate recognition of the need for sustained engagement, a willingness to take calculated risks in uncertain environments, fuller attention to the political economy of reforms and capacity constraints, and coordination of donor efforts.

Subject: Access limits, External shocks, Fund arrangements, Fund role, Fund-supported adjustment programs, Low-income developing countries, Political economy, Rapid Credit Facility, Technical assistance

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Also available in French

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