01791cas a2200265 a 4500 AALejournalIMF017077 230101c9999 xx r poo 0 0eng d 5.00 USD 9781475536065 2522-7912 BD-DhAAL BD-DhAAL Medas, Paulo. How to Adjust to a Large Fall in Commodity Prices / Paulo Medas, Veronique Salins, Jeff Danforth. Washington, D.C. : International Monetary Fund, 2016. 1 online resource (18 pages) IMF How To Notes <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Resource-rich countries have to manage highly volatile commodity revenues. In periods of revenue booms there is a tendency for large spending scale-ups. When facing large and persistent reductions in commodity prices, some of these countries will need to adjust their budgets to the new reality. In many cases, overall surpluses turn into large fiscal deficits and borrowing costs tend to rise with the fall in commodity prices. This note discusses how to undertake large fiscal adjustments, which often tend to be protracted and with long-lasting impacts on growth. Consequently, the note also highlights how to better prepare for future booms and busts in commodity prices. Mode of access: Internet Danforth, Jeff. Salins, Veronique. IMF How To Notes; How-To Note ; No. 2016/001 Full text available on IMF http://elibrary.imf.org/view/journals/061/2016/001/061.2016.issue-001-en.xml IMF e-Library