## 2018 Review of Facilities for Low-Income Countries

## Source details

**Canonical URL:** [2018 Review of Facilities for Low-Income Countries](https://www.imf.org/en/publications/policy-papers/issues/2018/08/01/pp080118-2018-review-of-facilities-for-low-income-countries)

## Other formats

- [Markdown version](/en/publications/policy-papers/issues/2018/08/01/pp080118-2018-review-of-facilities-for-low-income-countries/index.md)
- [Structured JSON version](/en/publications/policy-papers/issues/2018/08/01/pp080118-2018-review-of-facilities-for-low-income-countries/index.json)
- [Bundle manifest](/en/publications/policy-papers/issues/2018/08/01/pp080118-2018-review-of-facilities-for-low-income-countries/bundle-manifest.json)

## Bibliographic details
- Published: August 1, 2018
- Stock No: ISBN

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### Overview
- 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."

### Key findings
- "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."

### Context and drivers of outcomes
- 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 and access
- Publication title: 2018 Review of Facilities for Low-Income Countries
- Format available: PDF (Download PDF)
- Related offerings mentioned on the page: Policy Papers; IMF eLibrary ("Our eLibrary offers over 25,000 IMF publications in multiple formats."); IMF Publications Newsletter ("Latest economic research and insights delivered to your inbox each month.")

*2018 Review of Facilities for Low-Income Countries (August 1, 2018).*

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## Content in this bundle

- **Policy Paper**
  - [Policy Paper (Markdown version)](/-/media/files/publications/pp/2018/pp080118-2018-review-of-facilities-for-low-income-countries.pdf.md){rel="alternate" type="text/markdown"}
  - [Policy Paper (PDF)](/-/media/files/publications/pp/2018/pp080118-2018-review-of-facilities-for-low-income-countries.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/policy-papers/issues/2018/08/01/pp080118-2018-review-of-facilities-for-low-income-countries_