Over the last few weeks the global economic context changed drastically and for the worse. Every country in the world is suffering the repercussion of coronavirus. There will be a global recession, deeper than the one experienced in 2008-2009. Latin America and the Caribbean (hereon, LAC) will not be able to isolate itself from this situation. With variations from country to country, the region will suffer a severe recession of uncertain length. This document offers some proposals to tackle this situation.