{
  "title": "Macroeconomic Developments and Prospects in Low-Income Countries - 2022",
  "publication": "Policy Papers, December 8, 2022",
  "sourceUrl": "https://www.imf.org/en/publications/policy-papers/issues/2022/12/07/macroeconomic-developments-and-prospects-in-low-income-countries-2022-526738",
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  "summary": "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.",
  "sections": [
    {
      "heading": "Overview and external context",
      "content": "- 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).\n- Food and commodity prices linger at elevated level with worsening food security.\n- Global financial conditions tighten as major economies are fighting against inflation.\n- The delay in LICs’ income per capita convergence to that of advanced economies (AEs) is expected to last into the medium term."
    },
    {
      "heading": "Key findings and projections",
      "content": "- Elevated food and commodity prices are contributing to worsening food security in LICs.\n- Tighter global financial conditions are affecting LICs as major economies combat inflation.\n- Income per capita convergence of LICs to AEs is delayed and this delay is expected to persist into the medium term."
    },
    {
      "heading": "Policy themes and areas covered",
      "content": "- Asset and liability management\n- Debt restructuring\n- Government debt management\n- Monetary policy\n- Political economy\n- Public debt\n- Public financial management (PFM)"
    },
    {
      "heading": "Keywords highlighted",
      "content": "- C. aligning debt management CD delivery\n- debt management achievement\n- debt management advisor\n- debt management improvement\n- debt management strategy\n- Debt restructuring\n- debt vulnerability\n- financing needs\n- Global\n- Government debt management\n- IMF debt management capacity building delivery\n- improvements in LICS\n- LIC debt management capacity development case\n- LICS financing\n- low-income countries\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/2022/12/07/macroeconomic-developments-and-prospects-in-low-income-countries-2022-526738"
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    "Published: December 8, 2022",
    "Series: Policy Papers",
    "DOI: https://doi.org/10.5089/9798400227813.007",
    "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.",
    "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.",
    "Asset and liability management",
    "Debt restructuring",
    "Government debt management",
    "Monetary policy",
    "Political economy",
    "Public debt",
    "Public financial management (PFM)",
    "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",
    "**Policy Paper**"
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