02227cas a2200241 a 4500 AALejournalIMF021710 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513575858 2663-3493 BD-DhAAL BD-DhAAL International Monetary Fund. Strategy, Policy, and Review Department. Macroeconomic Developments and Prospects In Low-Income Countries-2021. Washington, D.C. : International Monetary Fund, 2021. 1 online resource (47 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 This paper is the sixth in a series that examines macroeconomic developments and prospects in low-income countries (LICs). LICs are defined in this report as the countries eligible to PRGT facilities (69 countries). The first section of the paper discusses recent macroeconomic developments and trends across LICs. The second section estimates LICs' financing needs up to 2025 to resume and accelerate their income convergence with advanced economies (AEs). It does this by estimating the additional financing that would enable LICs to step up spending response to COVID, including vaccination needs, while rebuilding or keeping external buffers to enhance resilience, and then the paper considers the financing needed to allow LICs to accelerate convergence with AEs. The paper then discusses a mix of financing options, including concessional financing from the international financial institutions, grants and loans from bilateral donors, private financing and debt operations, but also domestic reforms within LICs themselves as a key component to foster growth, enhance private investment, raise public revenues, and increase efficiency of spending. Mode of access: Internet Policy Papers; Policy Paper ; No. 2021/020 Full text available on IMF http://elibrary.imf.org/view/journals/007/2021/020/007.2021.issue-020-en.xml IMF e-Library