About 35% of our countries have experienced recurrent crises; a figure almost three times higher than in any other region. Systemic crises have been costly throughout the world, but particularly so in Latin America: on average fiscal costs have been greater than 20% of GDP, almost twice as high as in the average OECD country.
However, effective targeted policies are hard to design without adequate information. Looking beyond the current critical phase, this information would be equally important for designing and evaluating the policies needed to reach the climate goals that governments are committed to achieving.