Coping with the global financial crisis
Subtitle: challenges facing low-income countries
By: a staff team led by Stefania Fabrizio
Contributors: International Monetary Fund
Publisher: International Monetary Fund
Published: 2010
Place of publication: Washington, D.C
Language: eng
Number of pages: 46
ISBN-13: 9781589069299
Subjects: Global Financial Crisis, 2008-2009; Financial crises; Fiscal policy; Economic forecasting
Description: 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.
Table of contents: title: INtroduction; title: Outlook for global growth and community prices; title: How are LICs affected?; title: Policy responses; title: Financing needs and support from the international community; title: Challenges ahead.