{
  "title": "Managing Global Growth Risks and Commodity Price Shocks - Vulnerabilities and Policy Challenges for Low-Income Countries",
  "publication": "Policy Papers, September 21, 2011",
  "sourceUrl": "https://www.imf.org/en/publications/policy-papers/issues/2016/12/31/managing-global-growth-risks-and-commodity-price-shocks-vulnerabilities-and-policy-pp4611",
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  "summary": "As part of its work to help low-income countries (LICs) manage volatility, the IMF has recently developed an analytical framework to assess vulnerabilities and emerging risks that arise from changes in the external environment (see IMF, 2011a).",
  "sections": [
    {
      "heading": "Analytical framework and exercise",
      "content": "- IMF developed an analytical framework to assess vulnerabilities and emerging risks from changes in the external environment (see IMF, 2011a).\n- This report draws on results of the first Vulnerability Exercise for LICs (VE-LIC) conducted by IMF staff using this framework.\n- The work is framed as part of IMF efforts to help low-income countries (LICs) manage volatility."
    },
    {
      "heading": "Key focus and findings",
      "content": "- Primary risks analyzed:\n  - A downturn in global growth.\n  - Further global commodity price shocks, including a noted spike in global commodity prices earlier in the year.\n- The report assesses how these external shocks would affect LICs and their macroeconomic stability."
    },
    {
      "heading": "Report structure",
      "content": "- Chapter I: Reviews recent macroeconomic developments, including the spike in global commodity prices earlier this year.\n- Chapter II: Assesses current risks and vulnerabilities, including the effects on LICs of a sharp downturn in global growth and further commodity price shocks.\n- Chapter III: Discusses policy challenges in the face of these risks and vulnerabilities."
    },
    {
      "heading": "Policy themes and topics covered",
      "content": "- Commodities\n- Commodity price fluctuations\n- Economic growth\n- External shocks\n- Fiscal policy\n- Fiscal risk\n- Low-income developing countries\n- Monetary policy\n- Risk management"
    },
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      "content": "- Publication date: September 21, 2011\n\nManaging Global Growth Risks and Commodity Price Shocks - Vulnerabilities and Policy Challenges for Low-Income Countries, September 21, 2011.\n\n---\n\n Content in this bundle\n\n- 092111\n  - 092111 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - 092111 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/policy-papers/issues/2016/12/31/managing-global-growth-risks-and-commodity-price-shocks-vulnerabilities-and-policy-pp4611"
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    "Published: September 21, 2011",
    "Series: Policy Papers",
    "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.",
    "Primary risks analyzed:",
    "The report assesses how these external shocks would affect LICs and their macroeconomic stability.",
    "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.",
    "Commodities",
    "Commodity price fluctuations",
    "Economic growth",
    "External shocks",
    "Fiscal policy",
    "Fiscal risk",
    "Low-income developing countries",
    "Monetary policy",
    "Risk management",
    "Publication date: September 21, 2011",
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