Fiscal Vulnerabilities in Low Income Countries

An innovative investigation unearths underlying causes of chronic fiscal fragility in regions mired in extreme poverty, defined by annual per capita incomes below $1,145. Delving into deep-seated financial imbalances, the study illuminates persistent challenges that impede sustainable economic progress. This study constitutes the first systematic assessment of the causes of chronic fiscal weakness in the very poorest economies?those with annual per capita incomes of less than $1,145 a year.