Managing Global Growth Risks and Commodity Price Shocks - Vulnerabilities and Policy Challenges for Low-Income Countries
Policy Papers, September 21, 2011
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Bibliographic details
- Published: September 21, 2011
- Series: Policy Papers
Analytical framework and exercise
- IMF developed an analytical framework to assess vulnerabilities and emerging risks from changes in the external environment (see IMF, 2011a).
- This report draws on results of the first Vulnerability Exercise for LICs (VE-LIC) conducted by IMF staff using this framework.
- The work is framed as part of IMF efforts to help low-income countries (LICs) manage volatility.
Key focus and findings
- Primary risks analyzed:
- A downturn in global growth.
- Further global commodity price shocks, including a noted spike in global commodity prices earlier in the year.
- The report assesses how these external shocks would affect LICs and their macroeconomic stability.
Report structure
- Chapter I: Reviews recent macroeconomic developments, including the spike in global commodity prices earlier this year.
- Chapter II: Assesses current risks and vulnerabilities, including the effects on LICs of a sharp downturn in global growth and further commodity price shocks.
- Chapter III: Discusses policy challenges in the face of these risks and vulnerabilities.
Policy themes and topics covered
- Commodities
- Commodity price fluctuations
- Economic growth
- External shocks
- Fiscal policy
- Fiscal risk
- Low-income developing countries
- Monetary policy
- Risk management
Publication metadata (as presented)
- Publication date: September 21, 2011
Managing Global Growth Risks and Commodity Price Shocks - Vulnerabilities and Policy Challenges for Low-Income Countries, September 21, 2011.