2018 Review of Facilities for Low-Income Countries

Source details

Date: August 1, 2018
Summary (verbatim): "The Fund is facing strong demand for financing from low-income countries (LICs). Commodity price shocks and loose fiscal policies have contributed to rising debt levels and financing needs in many countries. Several developing states, especially smaller ones, are also increasingly vulnerable to large natural disasters. At the same time, many LICs less dependent on commodity exports have enjoyed robust growth in recent years, with more contained vulnerabilities."

"The Fund is facing strong demand for financing from low-income countries (LICs)."
"Commodity price shocks and loose fiscal policies have contributed to rising debt levels and financing needs in many countries."
"Several developing states, especially smaller ones, are also increasingly vulnerable to large natural disasters."
"Many LICs less dependent on commodity exports have enjoyed robust growth in recent years, with more contained vulnerabilities."

Commodity price shocks as a driver of fiscal stress and rising debt levels.
Loose fiscal policies contributing to increased financing needs.
Natural disasters increasing vulnerability for several developing states, particularly smaller ones.
Divergence within LICs linked to dependence on commodity exports versus more diversified growth experiences.

Publication title: 2018 Review of Facilities for Low-Income Countries
Format available: PDF (Download PDF)
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2018 Review of Facilities for Low-Income Countries (August 1, 2018).