1 “...The financial system has been resilient through the severe recession. Banks and investment funds...”

2 “... in the system, may have problems meeting the Basel III capital requirements in the recession scenarios...”

3 “... of severe recession owing to disruptions in global trade, and accompanied by a sharp increase in interest...”

4 “...The pandemic led to Colombia’s largest recession on record, but the economy bounced back strongly...”

5 “... a sharp recession. Restoring credit growth has become a central policy objective, seen as key...”

6 “...Since the Brazil 2012 FSAP, the financial system has been stable despite the deep recession...”