Economic Survey of Latin America and the Caribbean 1986

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In 1986 the evolution of the Latin American economy was marked by contradictory changes. While the main variables used to measure domestic economic performance showed some improvement, the situation of the external sector worsened considerably. Thus, although the rate of economic growth picked up and unemployment and inflation slackened, the terms of trade worsened, the trade surplus fell and the balance-of-payments deficit increased sharply.




The most outstanding achievement marking the management of Bolivia's economy in 1986 was the sharp reduction made in the dizzying speed of price increases. However, the overall economic picture was dimmed by a further decline in the gross domestic product which, in addition to causing an increase in unemployment, heightened the need for a reactivation of the economy. Other landmark events were the approval of the government's general budget; the enactment of tax, monetary and tariff reforms; the reaching of an agreement with the International Monetary Fund and of another with the Paris Club; and the reorganization of the Corporación Minera Boliviana.


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