RIO DE JANEIRO, BRAZIL - For the president of the Inter-American Development Bank (IDB), Latin America needs to increase spending and start considering an ambitious recovery plan, similar to what the United States did during the Great Depression, to be implemented once the pandemic is under control.
Currently the global epicenter of coronavirus, the region is facing the daunting challenge of recovering millions of jobs destroyed by quarantines, in addition to the informality of the labor market," said IDB President Luis Alberto Moreno in an interview. Large-scale infrastructure projects would be an option to recover the economy from the . . .