{
  "title": "Macroeconomic Developments and Prospects in Low-Income Developing Countries—2019",
  "publication": "Policy Papers, December 11, 2019",
  "sourceUrl": "https://www.imf.org/en/publications/policy-papers/issues/2019/12/11/macroeconomic-developments-and-prospects-in-low-income-developing-countries-2019-48872",
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  "summary": "This paper is the fifth in a series that examines macroeconomic developments and prospects in low-income developing countries (LIDCs). LIDCs are a group of 59 IMF member countries primarily defined by income per capita below a threshold level. LIDCs contain one fifth of the world’s population—1.",
  "sections": [
    {
      "heading": "Overview",
      "content": "- This paper is the fifth in a series that examines macroeconomic developments and prospects in low-income developing countries (LIDCs).\n- LIDCs are a group of 59 IMF member countries primarily defined by income per capita below a threshold level.\n- LIDCs contain one fifth of the world’s population—1.5 billion people—but account for only 4 percent of global output."
    },
    {
      "heading": "Key findings and statistics",
      "content": "- Number of LIDCs: 59\n- Population share: one fifth of the world’s population—1.5 billion people\n- Global output share: 4 percent of global output\n- Pages: 72\n- Volume: 2019\n- Issue: 039\n- Series: Policy Paper No. 2019/039\n- Stock No: PPEA2019039\n- ISBN: 9781513522739\n- ISSN: 2663-3493"
    },
    {
      "heading": "Chapter summaries and substantive themes",
      "content": "- Chapter 1 — Macroeconomic developments and growth drivers:\n  - Discusses recent macroeconomic developments and trends across LIDCs.\n  - Uses growth decompositions to explore the key drivers of growth performance in LIDCs.\n- Chapter 2 — Value-added tax (VAT) implementation:\n  - Examines the challenges faced by LIDCs in implementing a value-added tax system.\n  - Treats VAT as a key component of a strong national tax system.\n- Chapter 3 — Financial safety nets:\n  - Discusses how financial safety nets can be appropriately tailored to the specific needs of LIDCs.\n  - Emphasizes that an effective safety net is important for ensuring financial stability and underpinning public confidence in the financial system, thereby promoting financial intermediation."
    },
    {
      "heading": "Policy themes and recommendations (as presented)",
      "content": "- Strengthen tax systems in LIDCs with emphasis on implementing or improving value-added tax systems.\n- Tailor financial safety nets to LIDC-specific circumstances to support financial stability and public confidence in the financial system and to promote financial intermediation.\n- Analyze and address growth performance by decomposing growth drivers to inform policy prioritization.\n\nInternational Monetary Fund. \"Macroeconomic Developments and Prospects in Low-Income Developing Countries—2019\", Policy Papers 2019, 039 (2019).\n\n---\n\n Content in this bundle\n\n- Policy Paper\n  - Policy Paper (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Policy Paper (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/policy-papers/issues/2019/12/11/macroeconomic-developments-and-prospects-in-low-income-developing-countries-2019-48872"
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    "Published: December 11, 2019",
    "Series: Policy Papers",
    "This paper is the fifth in a series that examines macroeconomic developments and prospects in low-income developing countries (LIDCs).",
    "LIDCs are a group of 59 IMF member countries primarily defined by income per capita below a threshold level.",
    "LIDCs contain one fifth of the world’s population—1.5 billion people—but account for only 4 percent of global output.",
    "Number of LIDCs: 59",
    "Population share: one fifth of the world’s population—1.5 billion people",
    "Global output share: 4 percent of global output",
    "Pages: 72",
    "Volume: 2019",
    "Issue: 039",
    "Series: Policy Paper No. 2019/039",
    "Stock No: PPEA2019039",
    "ISBN: 9781513522739",
    "ISSN: 2663-3493",
    "Chapter 1 — Macroeconomic developments and growth drivers:",
    "Chapter 2 — Value-added tax (VAT) implementation:",
    "Chapter 3 — Financial safety nets:",
    "Strengthen tax systems in LIDCs with emphasis on implementing or improving value-added tax systems.",
    "Tailor financial safety nets to LIDC-specific circumstances to support financial stability and public confidence in the financial system and to promote financial intermediation.",
    "Analyze and address growth performance by decomposing growth drivers to inform policy prioritization.",
    "**Policy Paper**"
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