Macroeconomic Developments and Prospects in Low-Income Countries - 2022

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.
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Volume/Issue: Volume 2022 Issue 054
Publication date: December 2022
ISBN: 9798400227813
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Topics covered in this book

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Money and Monetary Policy , Public Finance , Political Economy , debt management achievement , low-income countries , C , aligning debt management CD delivery , debt vulnerability , debt management advisor , IMF debt management capacity building delivery , improvements in LICS , debt management improvement , LICS financing , LIC debt management capacity development case , debt management strategy , financing needs , Government debt management , Debt restructuring , Global

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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. 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.

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