A macroprudential agenda for middle-income countries in Latin America and the Caribbean
Macroprudential agenda for middle-income countries in Latin America and the Caribbean will develop a macroprudential regulatory agenda for MICs in Latin America and the Caribbean. Many MICs in the region that lack the fiscal space to effectively respond to the exigencies of the COVID-19 pandemic, have also limited access to concessional financing. In addition, many of them that until the COVID-19 outbreak enjoyed access to international capital markets have been unable to refinance maturing loans or raise new funds as financial conditions have worsened. Home to 75% of the world’s population and 62% of the world’s poor, MICs are highly vulnerable to a debt crisis, lost market access and capital outflows.