International Monetary Fund. Strategy, Policy, & Review Department
INTERNATIONAL MONETARY FUND
This paper examines macroeconomic developments and prospects in low-income developing countries (LIDCs) against the back-drop of a sharp fall in international commodity prices. The focus here-by contrast with IMF (2014a)-is on recent developments and the near-term outlook, recognizing that the new price environment is likely to remain in place for several years to come. The paper also includes a section examining the experience of LIDCs with capital inflows over the past decade.