Policy Papers

Macroeconomic Developments and Prospects in Low-Income Countries - 2022

Publication Date:

December 8, 2022

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

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.

Series:

Policy Paper No. 2022/054

Subject:

Monetary policy Political economy

Frequency:

occasional