IMF policy paper investigates volatility in low-income countries


A joint report by the IMF and World Bank released on March 19 queries whether contingent financial instruments (CFI) could be beneficial to low-income countries to hedge against exogenous shocks.

Examining the impacts of exogenous shocks on various sectors of the economy, the research looks at both the official and market sector scenarios, and concludes that even those countries that have self-insured by building macroeconomic policy buffers and saving commodity windfalls, are at risk due to the

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