Economic Survey of Latin America and the Caribbean 1982

image of Economic Survey of Latin America and the Caribbean 1982

Reviews the main changes during 1982 in the parities and exchange systems of the countries of Latin America, and the basic features of the processes renegotiation external debt. Discuss exchange rate policy implemented by the countries of the region, highlighting the existence of strong devaluations and changes in exchange systems. It describes the general mechanisms of debt rescheduling, conditions for renegotiation, and the IMF's role in this process.



Costa Rica

During 1982, the Costa Rican economy continued to suffer a severe contraction. The macroeconomic indicators showed negative trends for the second year in a row; this followed upon a biennium—1979–1980—in which there had already been clear signs of deceleration and of an aggravation of some of the disequilibria inherited from previous years.


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