Displaying items by tag: request or help

Coronavirus has soared in Latin America recently: the worst in Brazil, followed by Chile and Ecuador where bodies lie in the streets. Beyond the public health toll, the economic impact could be catastrophic. Lockdowns and social distancing risk triggering the worst recession in fifty years. Fourteen Latin American and Caribbean countries have asked the IMF for financial lifelines, totalling $4.48 billion. Even before coronavirus, many of their economies were suffering from low oil prices, with some countries almost in outright recession. 80 emerging economies have so far requested financial relief from the $1 trillion earmarked by the IMF for relief.