International financial cooperation to address the Latin American economic crisis
The current economic crisis will be remembered, not only as the worst since the Great Depression, but also for the limited multilateral financial cooperation agreed, particularly for middle-income economies. Several Latin American countries have benefited from flexible and emergency credit lines fro...
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2021
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oai-11362-465852021-02-24T14:58:50Z International financial cooperation to address the Latin American economic crisis Ocampo, José Antonio CRISIS ECONOMICA INSTITUCIONES FINANCIERAS INTERNACIONALES BANCOS DE DESARROLLO COOPERACION INTERNACIONAL DEUDA EXTERNA ECONOMIC CRISIS INTERNATIONAL FINANCIAL INSTITUTIONS DEVELOPMENT BANKS INTERNATIONAL COOPERATION EXTERNAL DEBT The current economic crisis will be remembered, not only as the worst since the Great Depression, but also for the limited multilateral financial cooperation agreed, particularly for middle-income economies. Several Latin American countries have benefited from flexible and emergency credit lines from the International Monetary Fund (IMF), in addition to other IMF instruments. Members of the Latin American Reserve Fund (known by its Spanish acronym, FLAR) can access its resources. Multilateral development banks have taken steps to support Latin American countries, but resources are limited. The Inter-American Development Bank (IDB) and the Development Bank of Latin America (CAF) have reached their lending capacity limit and need to be capitalized. The World Bank has increased its lending to the region, but these loans amount to less than those granted in 2009–2010. The actions of the Central American Bank for Economic Integration (CABEI) are noteworthy, thanks to its recent capitalization. 2021-01-18T17:42:12Z 2021-01-18T17:42:12Z 2020-08-31 Texto Sección o Parte de un Documento http://hdl.handle.net/11362/46585 LC/PUB.2020/9-P/Rev.1 1 en CEPAL Review CEPAL Review 131 .pdf application/pdf AMERICA LATINA LATIN AMERICA |
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English |
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CRISIS ECONOMICA INSTITUCIONES FINANCIERAS INTERNACIONALES BANCOS DE DESARROLLO COOPERACION INTERNACIONAL DEUDA EXTERNA ECONOMIC CRISIS INTERNATIONAL FINANCIAL INSTITUTIONS DEVELOPMENT BANKS INTERNATIONAL COOPERATION EXTERNAL DEBT |
| spellingShingle |
CRISIS ECONOMICA INSTITUCIONES FINANCIERAS INTERNACIONALES BANCOS DE DESARROLLO COOPERACION INTERNACIONAL DEUDA EXTERNA ECONOMIC CRISIS INTERNATIONAL FINANCIAL INSTITUTIONS DEVELOPMENT BANKS INTERNATIONAL COOPERATION EXTERNAL DEBT Ocampo, José Antonio International financial cooperation to address the Latin American economic crisis |
| description |
The current economic crisis will be remembered, not only as the worst since the Great Depression, but also for the limited multilateral financial cooperation agreed, particularly for middle-income economies. Several Latin American countries have benefited from flexible and emergency credit lines from the International Monetary Fund (IMF), in addition to other IMF instruments. Members of the Latin American Reserve Fund (known by its Spanish acronym, FLAR) can access its resources. Multilateral development banks have taken steps to support Latin American countries, but resources are limited. The Inter-American Development Bank (IDB) and the Development Bank of Latin America (CAF) have reached their lending capacity limit and need to be capitalized. The World Bank has increased its lending to the region, but these loans amount to less than those granted in 2009–2010. The actions of the Central American Bank for Economic Integration (CABEI) are noteworthy, thanks to its recent capitalization. |
| format |
Texto |
| author |
Ocampo, José Antonio |
| author_facet |
Ocampo, José Antonio |
| author_sort |
Ocampo, José Antonio |
| title |
International financial cooperation to address the Latin American economic crisis |
| title_short |
International financial cooperation to address the Latin American economic crisis |
| title_full |
International financial cooperation to address the Latin American economic crisis |
| title_fullStr |
International financial cooperation to address the Latin American economic crisis |
| title_full_unstemmed |
International financial cooperation to address the Latin American economic crisis |
| title_sort |
international financial cooperation to address the latin american economic crisis |
| publishDate |
2021 |
| url |
http://hdl.handle.net/11362/46585 |
| work_keys_str_mv |
AT ocampojoseantonio internationalfinancialcooperationtoaddressthelatinamericaneconomiccrisis |
| _version_ |
1718439276247515136 |