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Leaders of highly indebted countries need to watch them closely.
The IMF also highlighted the risk of highly indebted people being vulnerable to "income and interest rate shocks".
"Given their sensitivity to a change in economic conditions, a long tail of highly indebted households could represent a vulnerability for both the banks and the economy.
"In addition, increases in Bank rate well ahead of any pickup in wage and income growth risked increasing the vulnerability of highly indebted households.
The World Bank was offering financial bailouts, but with the condition that countries accepted the humiliating label of "highly indebted poor country".
In a number of highly indebted poor countries, debt relief has freed resources that are then tied to social investment funds.
Similar(38)
Shares plunged on Friday and oil prices tumbled as the date neared for the Fed decision and investors became increasingly nervous of the impact on highly indebted emerging market economies.
The mood was cautious in financial markets as a result of the high stakes surrounding Mr. Bernanke's speech and a meeting of the European Central Bank next Thursday that is expected to take some of the strain off highly indebted countries.
He told reporters at an EU finance ministers' meeting in Luxembourg that there is a "window of opportunity" for highly indebted countries while borrowing costs are so low and the darkest days of the crisis are over.
"By assuming the role of lender of last resort for highly indebted member states, the bank would overextend its mandate and shed doubt on the legitimacy of its independence," Jens Weidmann, president of the German Bundesbank and a member of the central bank's governing council, said Tuesday in Berlin.
Proposals put forward in July would allow the EFSF to buy the bonds of highly-indebted countries, and to make credit available to both them and under-capitalised banks.
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