Amid the Pandemic, Governments and Multilateral Development Banks Must Continue Supporting Financial Institutions
Governments and multilateral development banks in Latin America & the Caribbean are playing a critical role in supporting financial institutions amid the pandemic, but must be ready to up the ante as the ultimate effects of the lockdown measures become evident in the financial sector, especially key microfinance institutions
Financial Institutions Are Withstanding the Crisis, but Uncertainty About the Future Persists
Financial systems in Latin America & the Caribbean are performing well in times of COVID-19, and are better prepared for the crisis than ever; however, this doesn't mean that they are immune, and a protracted downturn may test their resilience
Fintech Solutions as a Vehicle to Expand Financial Inclusion in Latin America and the Caribbean
Fintech solutions and digital banking services offer a unique opportunity to serve previously underbanked individuals and SMEs. Though most commercial banks are adopting these solutions, there is an opportunity to deepen the collaboration with Fintech firms in order to close financial inclusion gaps in the region, while promoting responsible finance practices.