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low incomeincome countriesdeveloping countrieseconomic growtheconomic impactimf supportedsupported programsdebt distressiwf kreditimf lendingdebt sustainabilityinstitutions shocksprograms lowimpact shortshocks growthcrises lowcountries vulnerabilityweak economicinternationale staatsschuldeninternational sovereign debtimpact assessmentlow income countriesdevelopment aidsustainability lowcountries policiespolicies institutionsshocks economicimpact imfcountries imfcountries economicshort longerlonger termterm exogenousexogenous shocksgrowth crisesvulnerability indexindex economicshort termterm imfimf engagementengagement lowcountries exogenousindex imfprograms catalyzecatalyze donordonor assistanceassistance lowcountries paperpaper estimatesestimates determinantsdeterminants externalexternal debtdistress lowcountries licslics disentanglingdisentangling rolesroles institutionsshocks policiespolicies prominentprominent factorsfactors raisingraising riskrisk debtdistress weakweak protectionprotection privateprivate propertyproperty rightsrights adverseadverse shocksshocks realreal nonnon oiloil commoditycommodity pricesprices debtdebt burdenburden resultsresults suggesteconomic institutionstend raisepolicies vulnerabilityearlier scantliteratureimf supported programs
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