01945cas a2200241 a 4500 AALejournalIMF019847 230101c9999 xx r poo 0 0eng d 5.00 USD 9781498335416 2663-3493 BD-DhAAL BD-DhAAL International Monetary Fund. The Implications of the Global Financial Crisis for Low-Income Countries-An Update. Washington, D.C. : International Monetary Fund, 2009. 1 online resource (33 pages) Policy Papers <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 Low-income countries are being hit hard by the global financial crisis. They are facing a sharp contraction in export growth, FDI inflows, and remittances, and lower-than-committed aid. But a marked recovery is in prospect for 2010 helped by rising world demand and supported by short-term domestic policies. Countries are using fiscal and other policies to respond to the crisis and should continue to do so, where appropriate, until the economic recovery is clearly underway. However, the risks to debt sustainability are rising and countries should begin preparing to realign policies toward medium-term sustainability once the recovery is clearly on the move. Additional highly concessional donor support is needed to ensure that countries are not forced to make these adjustments prematurely, and to facilitate a smooth return to a sustainable debt path, with strong growth, over the medium term. Mode of access: Internet Policy Papers; Policy Paper ; No. 2009/072 Full text available on IMF http://elibrary.imf.org/view/journals/007/2009/072/007.2009.issue-072-en.xml IMF e-Library