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A joint response for Latin America and the Caribbean to counter the COVID-19 Crisis
The Fund acted swiftly to support our membership from the moment we saw this crisis coming. We stand ready to place our US$1 trillion lending capacity at the service of our membership. We have doubled access to emergency funding, and we have approved requests from 70 countries for emergency financing, with disbursements totaling about US$25 billion dollars. This includes about US$5.5 billion of total financing to 17 countries in the Caribbean, Central America and South America. We also approved access to new Flexible Credit Line facilities to Chile and Peru, and renewed Colombia’s line, expanding our precautionary lending to the region to US$107 billion. We will also continue our tremendous engagement with the region on capacity development and policy advice. As we live with the pandemic, governments must be agile and start planning for the eventual recovery […]