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.




According to the official forecast made at the beginning of the year, national production would increase by around 5% in 1982. This forecast was based both on the growth experienced in the preceding three years (which although moderate was sustained) and on the considerable dynamism of the mining sector (because of rising prices) and construction (because public expenditure would remain high).


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