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Mideast conflict adds to low-income countries' pressures: IMF

Low-income Countries (LICs) are navigating a fluid global environment marked by high uncertainty and shifting policies in major economies spanning trade, migration, digital finance, and spending priorities, including national security and foreign aid, says an International Monetary Fund (IMF) staff paper. The spillovers of the ongoing conflict in the Middle East adds to the pressures, although the actual impact will depend on the duration of the conflict and breadth of disruptions, the paper on Macroeconomic Developments and Prospects in Low-income Countries (LICs) says [...]