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.




After having kept up a relatively brisk growth rate during the 1970s, the Haitian economy entered a stage of virtual stagnation in 1981, and this persisted in 1982. The results in the first of these years were greatly influenced by external factors such as the marked decline in the terms of trade and the contraction in demand for some important export products, as well as the passage of hurricane Allen, which caused a fall in agricultural production.


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