Macroeconomic Developments and Prospects in Low-Income Developing Countries

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Canonical URL: Macroeconomic Developments and Prospects in Low-Income Developing Countries

This paper is the fourth in a series examining macroeconomic developments and prospects in Low Income Developing Countries (LIDCs).
Definition of LIDCs in the paper:
- Fund member countries where gross national income (GNI) per capita lies below a threshold level and where external financial linkages and socioeconomic indicators have not lifted them into emerging market status.
- There are 59 countries in the LIDC grouping, accounting for about one-fifth of the world’s population and 4 percent of global output.
Publication metadata:
- Publication date: March 22, 2018.
- The analysis is grounded in, and draws on, the analysis and databases used to compile the World Economic Outlook (WEO).

Comparative timeframe:
- Contrasts key features of the current situation with the period prior to the 2014 decline in commodity prices.
Primary topics examined:
- Macroeconomic trends across LIDCs in recent years.
- Evolution of fiscal positions and public debt levels.
- Detailed analysis of the drivers of debt accumulation.
- Assessment of the current severity of debt vulnerabilities.
Data and methodology:
- The report drills down into the WEO database to examine the experience of LIDCs.

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The paper is available in français (also available infrançais).

Macroeconomic Developments and Prospects in Low-Income Developing Countries, March 22, 2018