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Central America and the pandemic: macroeconomic policy challenges

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  • Morales López, Rodrigo Alfonso
  • Moreno Brid, Juan Carlos

Abstract

This article has a twofold purpose: to describe the social and economic situation in the countries of the Central American subregion prior to the coronavirus disease (COVID-19) pandemic and to provide a comparative analysis of the macroeconomic policies introduced by the governments of these countries in response to this health crisis. As a central part of that analysis, it looks at the main structural policy challenges for the enhancement of social protection and reactivation of production activity and employment to be met by these countries during and after the pandemic. The need for a national compact around a new development agenda is explored, with special emphasis on external elements that should be coupled with national policies, such as regional coordination, international cooperation and finance, and a restructuring of financial and lending institutions.

Suggested Citation

  • Morales López, Rodrigo Alfonso & Moreno Brid, Juan Carlos, 2020. "Central America and the pandemic: macroeconomic policy challenges," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), December.
    • Handle: RePEc:ecr:col070:46938
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    References listed on IDEAS

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    1. Robert Skidelsky & Nicolò Fraccaroli, 2017. "Austerity vs Stimulus," Springer Books, Springer, number 978-3-319-50439-1, December.
    2. World Bank, "undated". "The Economy in the Time of Covid-19 [La Economía en los Tiempos del Covid-19]," World Bank Publications - Reports 33555, The World Bank Group.
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