Latin America is the region hardest hit by the COVID-19 pandemic. The fitness crisis has expanded strongly, which has had a massive social and economic impact, given that it comes after several years of slow economic expansion and limited progress on social indicators.
The COVID-19 crisis will have a long-term effect on the region’s economies. Lower levels of education and employment are likely to reduce incomes in the long run, while higher levels of public and personal debt may weigh on the money sector and slow the recovery.
What is the World Bank doing about the region’s reaction to COVID-19?
The World Bank is supporting Latin America and the Caribbean’s efforts to address the effects of COVID-19 through new operations and by redirecting the budget of existing projects. Learn more about the World Bank’s operational reaction to COVID-19 in the region here.
On the studies side, the World Bank has published a series of studies to provide greater wisdom and direction to countries for an effective reaction to COVID-19 in the region. Learn more here.
::: Visit the covid-19 special to learn more about the World Bank Group’s reaction in other regions :::
Reports through LAC Chief Economist
This site uses cookies to optimize capacity and provide you with the most productive experience imaginable. If you continue to browse this online page beyond this page, cookies will be placed in your browser. For more information about cookies, click here.