Applying the Integrated Policy Framework to Low-Income Countries: Shocks, Frictions, and Policy Considerations

May 6, 2026

Summary

The Integrated Policy Framework (IPF) assists IMF staff in providing advice on the joint use of foreign exchange intervention (FXI), macroprudential measures (MPMs), and capital flow management measures (CFMs), alongside standard monetary and fiscal policies. This note provides overarching considerations in applying the IPF to low-income countries (LICs), building on previous Fund advice.

Subject: Currency markets, Exchange rate arrangements, Exchange rates, Financial markets, Foreign exchange, Integrated Policy Framework

Keywords: Currency markets, Exchange rate arrangements, Exchange rates

Pages:
66
Volume:
2026
DOI:
https://doi.org/10.5089/9798229046558.007
Issue:
014
Series:
Policy Paper No. 2026/014
Stock No:
PPEA2026014
ISBN:
9798229046558
ISSN:
2663-3493

IMF’s Work

RESOURCES

TOPICS

Flagship Publications

Other Publications

IMF reports and publications by country

Regional Offices

All News

See Also

For Journalists

Press Center

RESOURCES

FLAGSHIPS

KEY SERIES

IMF NOTES

Loading component...

Policy Papers

Applying the Integrated Policy Framework to Low-Income Countries: Shocks, Frictions, and Policy Considerations

Summary

Loading component...

Loading component...

IMF’s Work

RESOURCES

TOPICS

Flagship Publications

Other Publications

IMF reports and publications by country

Regional Offices

All News

See Also

For Journalists

Press Center

RESOURCES

FLAGSHIPS

KEY SERIES

IMF NOTES

Applying the Integrated Policy Framework to Low-Income Countries: Shocks, Frictions, and Policy Considerations

Summary

IMF’s Work

RESOURCES

TOPICS

Flagship Publications

Other Publications

IMF reports and publications by country

Regional Offices

All News

See Also

For Journalists

Press Center

RESOURCES

FLAGSHIPS

KEY SERIES

IMF NOTES

Loading component...

Policy Papers

Applying the Integrated Policy Framework to Low-Income Countries: Shocks, Frictions, and Policy Considerations

Summary

Publication Details

Loading component...

You May Also Be Interested In...

Development Committee: The Managing Director's Written Statement

Credit where Credit is Due: Fiscal Consolidations, Sovereign Risk and Bank Credit

Breaking Parity: Equilibrium Exchange Rates and Currency Premia

Georgia: Selected Issues

Loading component...

IMF’s Work

RESOURCES

TOPICS

Flagship Publications

Other Publications

IMF reports and publications by country

Regional Offices

All News

See Also

For Journalists

Press Center

RESOURCES

FLAGSHIPS

KEY SERIES

IMF NOTES

IMF Publications Newsletter

Applying the Integrated Policy Framework to Low-Income Countries: Shocks, Frictions, and Policy Considerations

Summary

Publication Details

You May Also Be Interested In...

Development Committee: The Managing Director's Written Statement

Credit where Credit is Due: Fiscal Consolidations, Sovereign Risk and Bank Credit

Breaking Parity: Equilibrium Exchange Rates and Currency Premia

Georgia: Selected Issues