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Macroeconomic Research in Low-income Countries Advances Made in Five Key Areas Through a DFID-IMF Collaboration

Despite strong economic growth since 2000, many low-income countries (LICs) still face numerous macroeconomic challenges, even prior to the COVID-19 pandemic. Despite the deceleration in real GDP growth during the 2008 global financial crisis, LICs on average saw 4.5 percent of real GDP growth durin...

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Bibliographic Details
Main Author: Ahir, Hites
Other Authors: Garbers, Hendre, Coppo, Mattia, Melina, Giovanni
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2021
Series:Departmental Papers
Subjects:
Social Discrimination & Equal Treatment
Income
Public Finance & Taxation
Fiscal Policy
Low Income Countries
Other Public Investment And Capital Stock
National Accounts
Sex Discrimination
Macroeconomics: Consumption, Saving, Production, Employment, And Investment: General (includes Measurement And Data)
Gender Studies
Macroeconomics And Monetary Economics: General
Macroeconomics
Public Investments
Income Inequality
Investment Policies
National Budget, Deficit, And Debt: General
National Government Expenditures And Related Policies: Infrastructures
Public Investment Spending
Gender Inequality
Economics Of Gender
Income Distribution
Economic Development
Non-labor Discrimination
Debt
Aggregate Factor Income Distribution
Expenditure
Economic Growth
Monetary Policy
Public Finance
Gender
Uganda
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:Despite strong economic growth since 2000, many low-income countries (LICs) still face numerous macroeconomic challenges, even prior to the COVID-19 pandemic. Despite the deceleration in real GDP growth during the 2008 global financial crisis, LICs on average saw 4.5 percent of real GDP growth during 2000 to 2014, making progress in economic convergence toward higher-income countries. However, the commodity price collapse in 2014–15 hit many commodity-exporting LICs and highlighted their vulnerabilities due to the limited extent of economic diversification. Furthermore, LICs are currently facing a crisis like no other—COVID-19, which requires careful policymaking to save lives and livelihoods in LICs, informed by policy debate and thoughtful research tailored to the COVID-19 situation. There are also other challenges beyond COVID-19, such as climate change, high levels of public debt burdens, and persistent structural issues
Physical Description:77 pages
ISBN:9781513566603

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