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Growth in Latin America and the Caribbean recovered briskly in the second half of 2020, yet still more slowly than the global economy and other emerging markets. That’s despite unprecedented policy support, strong performance of trading partners, soaring commodity prices, and accommodative global financial conditions. The persistence of the health crisis in many countries casts a shadow on the near-term outlook. People and economies continue to require a short-term shot to exit from the COVID-19 crisis, while the aggravation of several underlying structural fragilities poses significant lon...

Share this News The economic rebound forecast for Latin American this year faces risks from the recent resurgence of Covid-19 and slow vaccine roll-outs, the International Monetary Fund said. | Bloomberg The economic rebound forecast for Latin American this year faces risks from the recent resurgence of Covid-19 and slow vaccine roll-outs, the International Monetary Fund said. The continuance of the health crisis in many countries casts a shadow over the near-term outlook for the region, IMF officials including Alejandro Werner, the Western Hemisphere director, wrote in a blog post published...

Latin America will recover the level of per capita income it had before the pandemic only in 2024, estimated Thursday the International Monetary Fund (IMF), which warned that the recent resurgence of Covid-19 clouds "short-term prospects" in the region.

RIO DE JANEIRO, BRAZIL - The Western Hemisphere director of the International Monetary Fund (IMF), Alejandro Werner, assured on Thursday that there is an "important understanding" with Ecuador's president-elect, conservative Guillermo Lasso. Werner explained in a press conference that the Fund was "awaiting the electoral result" in Ecuador while its teams conduct the second technical review of the US$6.5 billion loan to the government of outgoing president Lenín Moreno. "When the president-elect's team is ready to start interacting with our teams, we will clearly start exchanging points of v...

Latin American pandemic recovery lagging: IMF 200 WASHINGTON, April 16, 2021 (BSS/AFP) – Latin America’s recovery from the pandemic crisis is lagging the rest of the world and the economy will not return to its pre-pandemic level until 2024, the IMF warned Thursday. The persistent health crisis caused by Covid-19 remains a concern, and though growth has accelerated, helped by stronger recoveries in trading partners, the region will need a “short-term shot” of support, said Alejandro Werner, head of the International Monetary Fund’s Western Hemisphere Department. The region’s econo...