Case numbers and deaths continue to rise in Colombia, and the challenges ahead are significant. In a recent note, we look behind these numbers to understand Colombia’s policy responses to the COVID-19 pandemic to date. We offer six recommendations for policymakers, aimed at supporting economic and health responses to the pandemic that work hand-in-hand moving forward.
CGD Policy Blogs
In late April, CGD’s senior fellow Liliana Rojas-Suarez and distinguished non-resident fellow Mauricio Cárdenas participated in an event organized by Columbia University to discuss the economic prospects in Latin America. They were joined by the director of sovereign ratings at Fitch, Richard Francis, and the director of the Western Hemisphere department at the IMF, Alejandro Werner
These remarks were prepared for the Global Development Network (GDN) 2019 Conference, held in Bonn, Germany on October 23-24, 2019.
Every MDB is now confronted with the question of what to do with middle-income countries, given the need to focus on the Sustainable Development Goals in general, but very concretely on goal #1—poverty eradication—which will be difficult to achieve based on recent trends. MDBs are very important for MICs, but at the same time MICs are vital for MDBs. This is essentially a two-way relationship. Without MICs, MDBs will be less innovative, will have less knowledge and, importantly, will require more capital from shareholders. I will explain why I believe so in this short note.