External shock financing and economic development : implications for future reforms to the global financing architecture

Sherillyn Raga

This report analyses the role that external shock financing can play in addressing the adverse impacts of external shocks in L&MICs. It summarises the growth impact of external shocks, maps out existing external shock financing facilities and instruments in the global financing architecture, and assesses the performance of external shock financing by the International Monetary Fund and the World Bank during the COVID-19 and Russia-Ukraine war crises.

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Year of publication:	February 2024
Authors:	Raga, Sherillyn
Publisher:	London : ODI
Subject:	Debt \| Development banks \| Development finance \| Economic transformation \| Economic growth \| Financial systems \| Resilience \| Global \| Russian Federation \| Ukraine \| COVID-19 \| Entwicklungsfinanzierung \| Wirtschaftswachstum \| Finanzsektor \| Financial sector \| Systemtransformation \| Economic transition \| Russland \| Russia \| Entwicklungsbank \| Development bank \| Welt \| World \| Entwicklungsländer \| Developing countries \| Schock \| Shock \| Coronavirus \| Unternehmensfinanzierung \| Corporate finance \| Internationaler Finanzmarkt \| International financial market \| Finanzsystem \| Financial system \| Entwicklung \| Economic development