The sharp realignment of global commodity prices has been a major setback for commodity-exporting low-income developing countries (LIDCs), while generally benefitting others. With many commodity exporters, especially in Africa, still struggling to adapt to sharply lower export and budgetary revenues, macroeconomic conditions have become increasingly divergent across the LIDC universe. Commodity exporters have experienced a … Continue reading Macroeconomic developments and prospects in low-income developing countries