The Mexican Secretary of Economy, Graciela Márquez Colín, noted that this percentage represents a total of 326,000 loans implemented.

The spread of COVID-19 has profoundly affected the livelihoods of many workers within the maquilas (assembly plants) of Guatemala.

Economists predict that an already floundering Venezuelan economy faces tremendous difficulty in recovering from COVID-19.

Due to travel restrictions, airlines throughout Latin America have become some of the most vulnerable to defaults in the next year, and government aid has been sparse.

The NGO Action Against Hunger says that the COVID-19 pandemic will leave an additional 29 million people in poverty. COVID-19 has already caused unemployment rates to increase by at least 11%, according to a report by the Economic Commission of Latin America and the Caribbean.

In April, the International Monetary Fund (IMF) corrected its previous projections for 2020, and the future looks bleak for Latin America.

A recent report from the consulting firm AUGE outlines the economic vulnerability the Cuban private sector faces and suggests that the authorities take measures to help businesses during the COVID-19 crisis.

Costa Rica is moving toward using its own technology to fight against the coronavirus epidemic to lower its dependency on other countries’ products.

Emergency measures established by the Gobierno Nacional de Colombia have attempted to address formidable challenges concerning health, welfare, and the maintenance of economic activities.

Some countries are taking desperate measures to combat unforeseen shortages in medical equipment resulting from the coronavirus pandemic.