Policy Papers

Macroeconomic Developments and Prospects in Low-Income Countries - 2022

December 8, 2022

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Format: Chicago

International Monetary Fund. Monetary and Capital Markets Department, and International Monetary Fund. Strategy, Policy, & Review Department "Macroeconomic Developments and Prospects in Low-Income Countries - 2022", Policy Papers 2022, 054 (2022), accessed 12/5/2025, https://doi.org/10.5089/9798400227813.007

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Summary

Russia’s war in Ukraine and the related fallout have created a challenging external environment for the post-pandemic recovery of low-income countries (LICs). Food and commodity prices linger at elevated level with worsening food security. Global financial conditions tighten as major economies are fighting against inflation. The delay in LICs’ income per capita convergence to that of advanced economies (AEs) is expected to last into the medium term.

Subject: Asset and liability management, Debt restructuring, Government debt management, Monetary policy, Political economy, Public debt, Public financial management (PFM)

Keywords: C. aligning debt management CD delivery, debt management achievement, debt management advisor, debt management improvement, debt management strategy, Debt restructuring, debt vulnerability, financing needs, Global, Government debt management, IMF debt management capacity building delivery, improvements in LICS, LIC debt management capacity development case, LICS financing, low-income countries