Latin America’s Unrealistic Dream of ‘Marshall Plan’ to Address Post-Pandemic Debts

Experts alert to the additional risk of the pandemic for the region's most indebted countries.

RIO DE JANEIRO, BRAZIL - A mountain of debt at the end of this pandemic awaits governments spending to mitigate its economic impacts. According to the World Bank's most recent data, Latin America and the Caribbean totaled a combined foreign debt of US$1.87 trillion (R$10.5 trillion) in 2018.

Even before the advent of Covid-19, the International Monetary Fund (IMF) cautioned about the risks of this growing debt, but now, for many countries, debt is the only option to provide their citizens with what they need to survive while the virus hinders paid work.

If anyone . . .

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