The degree of vulnerability of individual LDCs varied with the extent of dependence on trade, nature of demand structure, depth of fiscal space, extent of foreign exchange reserves, and strength of other macroeconomic fundamentals. Individual countries’ abilities to adopt counter-cyclical macroeconomic policies depended on the fiscal capacity to meet the necessary costs and the institutional capacity to implement such policies. This was especially the case if the countries were to contribute to protecting their societies’ poor and the vulnerable groups. Hence, it is important for the LDCs to be prepared to face such crises.