Latin America is facing another 'lost decade' because of COVID-19

Apr 18, 2020

A worker fumigates an apartment amidst the outbreak of the coronavirus disease (COVID-19), in Guayaquil, Ecuador April 17, 2020. REUTERS/Vicente Gaibor del Pino - RC2Q6G9O3M1A

16 Latin America and Caribbean nations have requested aid from the IMF. Image: REUTERS/Vicente Gaibor del Pino

Alejandro Werner

Director of the Western Hemisphere Department, International Monetary Fund

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This could be the worst recession the region faces since record-keeping began in the 1950s. Image: IMF

Sizeable packages have already been announced by Brazil, Chile, and Peru. Image: IMF

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The informal nature of the regional economy could pose a challenge for policymakers. Image: IMF

Growth projections for Latin America and the Caribbean. Image: IMF

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