During a global pandemic, enforcing key health measures is essential to saving lives until a vaccine can be found. That is the only way to restart economies without multiple sudden disruptions and their crippling consequences.
WASHINGTON, DC – Few things are as terrifying for emerging economies as the sudden stop that occurs when foreign investors lose confidence, take their capital, and flee – usually triggering currency devaluations and recessions. Latin America and the Caribbean is now facing an unprecedented triple sudden stop involving major disruptions to human mobility, trade, and capital flows. Meeting this challenge will require astute policymaking, discipline, and creativity.
WASHINGTON, DC – Few things are as terrifying for emerging economies as the sudden stop that occurs when foreign investors lose confidence, take their capital, and flee – usually triggering currency devaluations and recessions. Latin America and the Caribbean is now facing an unprecedented triple sudden stop involving major disruptions to human mobility, trade, and capital flows. Meeting this challenge will require astute policymaking, discipline, and creativity.