Don’t Expect Miracles From the Multilaterals

By Otaviano Canuto

Latin American and Caribbean economies need help, but organizations like the IDB are also stretched thin.

With Latin America and the Caribbean potentially facing years of difficulties due to the pandemic and related economic crises, attention has shifted to what multilateral institutions like the International Monetary Fund (IMF) might do to help There’s no doubt they can play a crucial role in preventing another lost decade in the region But these institutions will also face limitations because of capital constraints and other factors  The need is clearly acute Latin America and the Caribbean remains the epicenter of the global pandemic, currently accounting for more than 43% of...

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