In 2009, ECLAC published a document4 reviewing the efforts made by countries to tackle the international economic and financial crisis. The document was updated and supplemented several times thanks to inputs kindly provided by the respective countries. Two years later, in this document, ECLAC now offers a detailed review of the measures implemented, as well as those announced more recently in preparation for the possibility of a heavy slowdown in the global economy in 2012. It is hoped that this document will be useful in considering policies for tackling economic crises and managing economic cycles generally. Comments and feedback from ECLAC member countries are welcomed and will be used to add to the document and ensure accuracy in a future updated version.