Macroeconomic Developments and Prospects in Low-Income Countries - 2022
Policy Papers, December 8, 2022
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- Macroeconomic Developments and Prospects in Low-Income Countries - 2022
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Bibliographic details
- Published: December 8, 2022
- Series: Policy Papers
- DOI: https://doi.org/10.5089/9798400227813.007
Overview and external context
- Russia’s war in Ukraine and the related fallout have created a challenging external environment for the post-pandemic recovery of low-income countries (LICs).
- Food and commodity prices linger at elevated level with worsening food security.
- Global financial conditions tighten as major economies are fighting against inflation.
- The delay in LICs’ income per capita convergence to that of advanced economies (AEs) is expected to last into the medium term.
Key findings and projections
- Elevated food and commodity prices are contributing to worsening food security in LICs.
- Tighter global financial conditions are affecting LICs as major economies combat inflation.
- Income per capita convergence of LICs to AEs is delayed and this delay is expected to persist into the medium term.
Policy themes and areas covered
- Asset and liability management
- Debt restructuring
- Government debt management
- Monetary policy
- Political economy
- Public debt
- Public financial management (PFM)
Keywords highlighted
- C. aligning debt management CD delivery
- debt management achievement
- debt management advisor
- debt management improvement
- debt management strategy
- Debt restructuring
- debt vulnerability
- financing needs
- Global
- Government debt management
- IMF debt management capacity building delivery
- improvements in LICS
- LIC debt management capacity development case
- LICS financing
- low-income countries
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- Policy Paper