Hites Ahir, Hendre Garbers, Mattia Coppo, Mr. Giovanni Melina, Mr. Futoshi Narita, Ms. Filiz D Unsal, Vivian Malta, Xin Tang, Daniel Gurara, Luis-Felipe Zanna, Linda G. Venable, Mr. Kangni R Kpodar, and Mr. Chris Papageorgiou
Despite strong economic growth since 2000, many low-income countries (LICs) still face numerous macroeconomic challenges, even prior to the COVID-19 pandemic. Despite the deceleration in real GDP growth during the 2008 global financial crisis, LICs on average saw 4.5 percent of real GDP growth during 2000 to 2014, making progress in economic convergence toward higher-income countries. However, the commodity price collapse in 2014–15 hit many commodity-exporting LICs and highlighted their vulnerabilities due to the limited extent of economic diversification. Furthermore, LICs are currently facing a crisis like no other—COVID-19, which requires careful policymaking to save lives and livelihoods in LICs, informed by policy debate and thoughtful research tailored to the COVID-19 situation. There are also other challenges beyond COVID-19, such as climate change, high levels of public debt burdens, and persistent structural issues.
Hites Ahir, Mattia Coppo, Hendre Garbers, Vivian Malta, Xin Tang, Daniel Gurara, Luis-Felipe Zanna, and Linda G. Venable
To promote gender budgeting efforts across the globe, the DFID-IMF collaboration has launched in 2017 the IMFGenderPortal, the first-ever global review of policymakers’ use of tax and spending policies to promote gender equality, including an online database toolkit of gender equality indicators worldwide. 7
Key Messages from the IMF’s Research on Gender Budgeting
Gender budgeting has been implemented by countries across all regions and income levels and at the national, state, and/or local levels.
The leadership of the ministry of finance is