Economic Survey of Latin America and the Caribbean 1983

image of Economic Survey of Latin America and the Caribbean 1983

Analyzes the evolution of the economy of Latin America and the Caribbean in 1983, the financial constraint, the transfer of resources and external debt renegotiations; and presents the economic evolution of each country in the region, examining economic growth, external sector, prices and wages and monetary and fiscal policies.




Application of the economic adjustment programme agreed with the International Monetary Fund (IMF) was undoubtedly the central element in Brazilian economic policy in 1983. This programme was drawn up at the end of 1982 and enjoyed the financial support of the Fund, which thus also gave its backing for the refinancing of the debts with foreign commercial banks and the procurement of fresh credits. A salient feature of this programme was the policy of austerity in public expenditure, which was to be applied more vigorously than in preceding years with a view to reducing the high fiscal deficit.


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