Coping with the global financial crisis : challenges facing low-income countries

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Title:

Author:

Fabrizio, Stefania.

ISBN:

9781589069299

Publication Information:

Washington, D.C. : International Monetary Fund, c2010.

Physical Description:

v, 46 p. : ill. ; 28 cm.

Contents:

Introduction -- Outlook for global growth and community prices -- How are LICs affected? -- Policy responses -- Financing needs and support from the international community -- Challenges ahead.

Abstract:

This publication provides an assessment of the implications of the financial crisis for low-income countries, evaluates the short-term macroeconomic outlook for these countries, and discusses the policy challenges they face. Chapters cover the outlook for global economic growth and commodity prices, an overview of how low-income countries have been affected, fiscal policy, monetary and exchange rate policy responses, potential external financing needs and how the international community, including the IMF, can help countries meet them. The challenges ahead for low-income countries are delineated, including debt vulnerabilities and the need for countries to develop well-regulated local capital markets and banking systems, as well as enhanced public sector efficiency.--Publisher's description.

Subject Term:

Financial crises -- Developing countries.

Global Financial Crisis, 2008-2009.

Fiscal policy -- Developing countries.

Economic forecasting -- Developing countries.

Added Author:

Fabrizio, Stefania.

Added Corporate Author:

International Monetary Fund.

Copies:

Available:*

Library	Material Type	Item Barcode	Shelf Number	Copy	Status
Searching... 1:IIEMSA	1:GEN-BOOK	33168025526217	338.542 C783 2010	1	Searching... Unknown

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Summary

This forthcoming title in the Departmental Paper Series describes the special challenges facing low-income countries as economic growth contracts by an estimated 1.1 percent globally. Coping with the Crisis: Challenges Facing Low-Income Countries provides an assessment of the implications of the financial crisis for low-income countries, evaluates the short-term macroeconomic outlook for these countries, and discusses the policy challenges they face. Chapters cover the outlook for global economic growth and commodity prices, an overview of how low-income countries have been affected, fiscal policy, monetary and exchange rate policy responses, potential external financing needs and how the international community, including the IMF, can help countries meet them. The challenges ahead for low-income countries are delineated, including debt vulnerabilities and the need for countries to develop well-regulated local capital markets and banking systems, as well as enhanced public sector efficiency.