Creating Policy Space in Low-Income Countries During the Recent Crises

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ISBN: 9781589069305

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Year Published:2009
Pages:48
Paperback

Creating Policy Space in Low-Income Countries During the Recent Crises

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Low-income countries were hit especially hard by sharp increases in world food and fuel prices in 2007-08 and the global financial crisis that followed. In response, the International Monetary Fund scaled up its financial assistance to low-income countries and revamped its concessional lending facilities to make them more flexible in meeting the diverse needs of these countries. Creating Policy Space in Low-Income Countries during the Recent Crises assesses empirically the outcome of the IMF response, and provides insight into how IMF-supported programs in low-income countries have been adapted to the changing economic circumstances in these countries. The authors report that these programs have provided expanded policy space in the face of the global price shocks and financial crisis.

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Author Name Yongzheng Yang, Paolo Dudine, Eteri Kvintradze, Pritha Mitra, Nkunde Mwase, Sibabrata Das

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