01859cas a2200241 a 4500 AALejournalIMF021769 230101c9999 xx r poo 0 0eng d 20.00 USD 9781616350734 2616-5333 BD-DhAAL BD-DhAAL International Monetary Fund. Emerging from the Global Crisis : Macroeconomic Challenges Facing Low-Income Countries. Washington, D.C. : International Monetary Fund, 2011. 1 online resource (110 pages) Departmental 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 Although the impact of the global crisis has been severe, real per capita GDP growth stayed positive in two-thirds of low-income countries (LICs), unlike in previous global downturns, and in contrast to richer countries. Emerging from the Global Crisis explores how LICS have coped with the global economic crisis. It reviews the impact of the crisis on LICs, domestic policy responses to the crisis, and the precrisis conditions of select countries. The prospects and challenges that LICs face are also considered. Sections of the paper look at growth prospects, policy recommendations, the general macroeconomic outlook, as well as the rebuilding of fiscal buffers. The authors also "stress-test" LICs' exposure to further volatility by using a hypothetical "downside" recovery scenario. Mode of access: Internet Departmental Papers; Departmental Paper ; No. 2011/002 Full text available on IMF http://elibrary.imf.org/view/journals/087/2011/002/087.2011.issue-002-en.xml IMF e-Library