ABSTRACT
This chapter lays out the various aspects of monetary and fiscal policies in developing countries by conflating the outcomes of each chapter. The chapter integrates the propositions laid out in each chapter and summarises the relevant implications in constructing fiscal and monetary policies suited to the context of developing countries for their transformation, including those required for recovery and reconstruction from downturns induced by the COVID-19 pandemic. By summarising the key takeaways from each chapter, it establishes the association between state, citizen, fiscal and monetary policies. Then it combines the evidence and lessons to recommend a concerted agenda for transformation in terms of power structures; public provisioning of health and education and universal social security; equalising policies for women, youth and marginalised sections of the population; building resilience; and living in harmony with nature. The chapter emphasises that the holistic agenda of transformation in fiscal and monetary policies will act as the key vehicle for a transformative and sustainable trajectory of growth for developing countries, despite their heterogeneity.
