Macroeconomic and Operational Challenges in Countries in Fragile Situations

Policy Papers, June 15, 2011

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Canonical URL: Macroeconomic and Operational Challenges in Countries in Fragile Situations

Fragility may afflict countries at different levels of income and capacity.
Common features of fragile states:
- institutions that are seen to be weak and lack legitimacy
- a fractious political setting, which in turn elevates the risk of violence
Fragilities impose large costs and hardships on local populations.
Spillovers to neighboring countries occur:
- directly through conflict, crime, and disease
- through economic linkages

Forms of engagement being developed emphasize:
- peacebuilding
- social cohesion
- statebuilding
Operational principles incorporated into engagement:
- recognition of the need for sustained engagement
- willingness to take calculated risks in uncertain environments
- fuller attention to the political economy of reforms and capacity constraints
- coordination of donor efforts

Publication date: June 15, 2011
Availability: Also available in français
Format options referenced: PDF; visit the IMF eLibrary for multiple formats
Subjects listed: 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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Macroeconomic and Operational Challenges in Countries in Fragile Situations; June 15, 2011.