## Macroeconomic Developments and Prospects in Low-Income Countries - 2022

_Policy Papers, December 8, 2022_

## Source details

**Canonical URL:** [Macroeconomic Developments and Prospects in Low-Income Countries - 2022](https://www.imf.org/en/publications/policy-papers/issues/2022/12/07/macroeconomic-developments-and-prospects-in-low-income-countries-2022-526738)

## Other formats

- [Markdown version](/en/publications/policy-papers/issues/2022/12/07/macroeconomic-developments-and-prospects-in-low-income-countries-2022-526738/index.md)
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## Bibliographic details
- Published: December 8, 2022
- Series: Policy Papers
- DOI: https://doi.org/10.5089/9798400227813.007

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### 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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## Content in this bundle

- **Policy Paper**
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_Source: https://www.imf.org/en/publications/policy-papers/issues/2022/12/07/macroeconomic-developments-and-prospects-in-low-income-countries-2022-526738_