Global Risks for Low-Income Countries: Views on the IMF Perspective (Event Video)

Most low-income countries (LICs) recovered swiftly from the 2008-9 global crisis and have grown strongly since early 2010. But progress in rebuilding macroeconomic buffers has been slow, and the LICs are now less well prepared to deal with external shocks than they were before the crisis. At a time when the risks to the global outlook are intensifying, a new IMF study finds that many LICs would struggle to cope with a renewed global downturn. In a second report, the IMF and World Bank explore the role contingent financial instruments—such as commodity hedging, contingent debt, and insurance—could play to help LICs manage global volatility. IMF staff will present the key findings of these studies, highlighting the policy implications for LICs and the international community, with comments by expert discussants to follow.

Event Video

Opening Remarks

Min Zhu

Deputy Managing Director

International Monetary Fund



Presentation of Report Key Findings

Hugh Bredenkamp

Deputy Director, Strategy, Policy and Review Department

International Monetary Fund



Discussants

Liliana Rojas Suarez

Senior Fellow

Center for Global Development

Steve Radelet

Chief Economist

United States Agency for International Development

Moderator

Lawrence MacDonald

Vice President, Communications and Policy Outreach

Center for Global Development